7 November 2014
Deals | France - Projects (Finance & Infrastructure)
A consortium comprising Eiffage, acting through its Clemessy subsidiary (consortium leader), Schneider Electric and Krinner has been awarded a contract for the construction of a solar farm and an extra-high voltage substation – representing the largest photovoltaic power project in Europe - in Cestas, near Bordeaux, France. The consortium will also be responsible for the plant’s operation and maintenance.
Work on this project, worth nearly EUR 285 million, is to begin immediately.
The project will call on the expertise of Clemessy subsidiary RMT for engineering studies, Eiffage Energia for connection work, Eiffage Travaux Publics for earthworks, Schneider Electric for the electrical conversion chain and Krinner GmbH for screw-in foundations and photovoltaic structures.
This project, developed by Neoen, a leading French player in renewable energies, will provide a total peak capacity of 300 MW.
The farm will be connected directly to the very-high voltage power grid and is to come on line in October 2015. It will generate more than 350 gigawatt-hours a year, enough to cater for the daytime power consumption of the entire population of Bordeaux.
Financing agreements were executed on November 4.
Eiffage received legal counsel from Gide, which set up a team comprising counsel Marie Bouvet-Guiramand, and associates Victor Grandguillaume and Clément Nourrisson on Project issues and counsel Sylvain Bergès and associate Sarah Becker on Energy and environmental issues.