Axpo subsidiary to build 37 new solar power plants in France

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LONDON, July 24 (Reuters) – Swiss utility Axpo Holding AG announced on Friday that its subsidiary Urbasolar will build 37 new solar power plants in France.The plants will be built mainly in the south of France and will have a combined installed capacity of 143 megawatts, enough to cover the annual electricity consumption of 65,000 households.

The cost of 124 million euros ($ 144 million) will be financed by the French bank Crédit Agricole, its Unifergie subsidiary specializing in renewable energy projects and various regional banks, Axpo said in a statement.

The first factories have already been completed and connected to the grid recently, the company added.

$ 1 = 0.8611 euros Reporting by Nina Chestney; Editing by Mark Potter

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