Mitsubishi goes PV shopping in France

first_imgMitsubishi goes PV shopping in FranceThe Japanese corporation is increasing its solar holdings in France with stakes in two utility-sized solar farms, again partnering with Paris-based renewable energy group EDF Energies Nouvelles. August 21, 2013 Ilias Tsagas Manufacturing Markets Markets & Policy Share Mitsubishi has announced the acquisition of two new solar PV parks in France totaling 56 MW, a move that is in line with its strategy of diversifying its business operations. The two new projects acquired by Mitsubishi in France have capacities of 36 MW and 20 MW each and are parts of larger solar projects in the areas of Crucey (60 MW) and Massangis (56 MW), respectively.Mitsubishi purchased a 50% share in each project from EDF Energies Nouvelles (EDF EN). The company said 80% of the financing for the projects had already been secured through loan facility agreements with Japanese and French financial institutions.Mitsubishi and EDF EN have partnered in the past in France and have been jointly operating part of the Toul Rosieres solar plant, built on a former military airfield, since January of this year. Mitsubshi also purchased a 50% stake in the 55 MW Toul–Rosières solar power plant tranche 1 from EDF EN.The three PV projects combined bring Mitsubishi’s solar power generating capacity in France to 111 MW, sufficient to supply the equivalent of roughly 40,000 households.Popular content Enabling aluminum in batteries Mark Hutchins 27 April 2021 pv-magazine.com Scientists in South Korea and the UK demonstrated a new cathode material for an aluminum-ion battery, which achieved impressive results in both speci… ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. 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