ReneSola announced it will participate in a consortium to develop a ground-mounted solar plant in the south of France.
The consortium is led by Tenergie, the second largest power producer in France. Other members of the consortium include a leading power consulting company and a leader in project crowdfunding.
The consortium will develop the power plant covering 30 hectares of leased land in the town of Aups. The plant is expected to produce 46 GWh, and supply electricity to approximately 10,000 households per year.
The plant will be owned by an entity, which in turn will be owned by the IPP, the Municipality of Aups. Local stakeholders and the individuals that participate in crowdfunding are involved in the project conception phase.
ReneSola estimates that a project of this size and design would typically have capacity of approximately 30 MW. Actual capacity will be subject to additional authorizations, such as permits needed for final project design.