France signed the first large-scale solar PPA

Solar photovoltaic (pv) net news: France Voltalia renewable energy developers and the electricity retailers Boulanger signed a 5 mw solar project PPA contract 25 years time.

Voltalia said, this is the first French between power producers and big private energy consumers of PPA. Although in recent months have announced several similar deal, but Voltalia this contract is signed in France so far the only a PPA bilateral agreement.

developers have not disclosed Boulanger will price to buy power from its facilities, the facility is expected to happen in 2022 grid, but retailers have through the exclusive cooperation agreement promises to buy Voltalia development power of wind and solar power stations.

Voltalia announced that has won a $100 million from 12 bank financing. Financing by the French corporate and investment bank Natixis arrangement, the credit line of 55 million euros, long-term loans of 45 million euros.

Voltalia said, this is Europe's independent power producers to obtain the first green, sustainable bank loans. These two lines of credit at the end of average daily for 5 years, can be extended to 7 years.

the renewable Energy company Akuo Energy and Internet companies Qwant recently signed another PPA agreement, but it is not clear whether the agreement consists of solar Energy. In November last year, a French energy cooperative Enercoop issued a tender offer, in order to help the company choose to scale up to 10 megawatts of solar and wind power projects, and signed a long-term agreement of PPA.

France's other entities through a similar bidding for clean energy power purchase agreement, including the Paris airport and its national railway company. The latter in 2017 issued a letter of intent, announced plans to 2025, 25% of its electricity from renewable energy sources. In may last year, the airport issued a renewable energy producers suggest request.

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