The ground-based photovoltaic farm is expected to produce 46 gigawatt hours of electricity per year.
The consortium will develop the plant on leased land in the city of Aups, which will be owned by an entity, which in turn will be owned by Tenergie, the municipality of Aups and local stakeholders who invest through crowdfunding.
Josef Kastner, CEO of the ReneSola Power Europe region, said: “This project demonstrates the strength of public-private partnerships and how they can help us grow our business in Europe while promoting more sustainable energy supply.”
“Not only will Aups get a substantial source of clean, low-cost energy, but the city will provide a good source of income and its citizens will have the opportunity to invest and benefit from the growth of the clean energy industry.” . ”
Yumin Liu, CEO of ReneSola Power, added: “This project confirms that our activity in France is solid and growing.
“ReneSola Power is a leading developer in Europe, and we intend to accelerate our growth in the region.
“Europe is focused on developing social responsibility and various governments in the region are supporting the deployment of solar energy. France and the other European countries are exactly the type of markets in which we focus our commercial development efforts. “