RES SNCF Energie Solar PV Park is a 40MW solar PV power project. It is planned in Provence-Alpes-Cote dAzur, France. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2023.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 40 | – | 40 | Permitting | Provence-Alpes-Cote dAzur, France | Renewable Energy Systems Holdings |
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Description
The project is being developed and currently owned by Renewable Energy Systems Holdings. The company has a stake of 100%.
RES SNCF Energie Solar PV Park is a ground-mounted solar project.
The project is expected to generate 60,000MWh of electricity. The project cost is expected to be around $36.6m.
Development Status
The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2023.
Power Purchase Agreement
The power generated from the project will be sold to SNCF Energie SASU under a power purchase agreement for a period of 20 years from 2023. The offtake capacity is expected to be 40MW.
About Renewable Energy Systems Holdings
Renewable Energy Systems Holdings Ltd (RES), formerly Bondco 1035 Ltd is a renewable energy company which constructs, develops and operates renewable energy projects. The company provides solutions for engineering and designing of electrical and civil projects, grid connection design and optimization; environmental, financing and procurement solutions using solar, energy storage and micro-grid technologies. It provides project development, construction, legal and commercial package, asset management and advisory services. RES also offers archaeological, hydrological, ecological, and socio-economic assessments, building and on-site integrated renewable energy installations. The company serves public, industrial, and commercial sectors. It has operations in Australia, Canada, France, Germany, Nordics, Turkey, the UK, the US and Ireland. RES is headquartered in Kings Langley, the UK
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
