French independent power producer Akua has entered into a 20-year power purchase agreement for an 8.7 MW floating solar power system in southern France.
Akuo commissioned a second floating solar power plant in France this week. It said the facility is located on Lake Cape Verde in Cintegabelle, Haute-Garonne, southwest France, and has a capacity of 8.7MW.
The company said that the introduction of floating solar technology has expanded the area’s role beyond the water reserve and recreational fishing area to the production of solar electricity.
Akue received financing for the project from French lenders Arkea Banque et Entreprises et Institutionnels, Caisse d’Epargne Aquitaine Poitou Charentes and its subsidiary Hélia Conseil, and the Energy MAIF Transition fund. The company also received a 20-year power purchase agreement (PPA) from electricity supplier Octopus Energy.
“Floating solar technology is key to meeting the common energy challenge,” said CEO Eric Scotto.
