France's Largest Floating Solar Plant Secures Funding

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Researched by Industrial Info Resources (Sugar Land, Texas)--Q Energy Solutions, a subsidiary of Q ENERGY Solutions SE (Berlin, Germany), has secured 50.4 million euros (US$55.7 million) in financing for the development of France's largest floating solar project.

The financing was arranged by Crédit Agricole Transitions & Energies (Montrouge, France), through its financing arm Unifergie, and Bpifrance (Paris). Located in northeastern France, the 74.3-megawatt (MW) solar plant is under construction, with commissioning expected in 2025. The project will provide clean energy to about 37,000 residents.

Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project and Plant databases can learn more from a detailed plant profile and project report.

The project utilizes high-efficiency, double-sided (bifacial) solar modules designed to maximize energy capture. The floating solar system offers significant benefits: it avoids land use, reduces water evaporation, and improves water quality by inhibiting algae growth. Additionally, the cooling effect of the water enhances the power generation efficiency of the solar panels.

Industrial info is tracking 48 floating solar projects, totaling nearly US$1 billion of investment, in France. Subscribers can click here for a list of detailed project reports.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).