This month, French power provider, Sechilienne-Sidec signed an agreement with the municipality of Saint Laurent du Maroni that will make land available for the construction of a 12-megawatt (MW) solar photovoltaic (PV) farm. The solar PV farm is expected to begin operating at the beginning of 2009.
The company says that this is the largest photovoltaic project ever announced in France.
The project is part of Séchillienne-Sidec’s renewable energy growth strategy, which has a photovoltaic installation target of 7 MW in 2007, at least 30 MW in 2008, and at least 40 MW every year thereafter.
The expected investment in the photovoltaic business is 650 million euros ($918 million U.S.) between 2008 and 2012. This investment forms part of a global investment worth 1.150 billion euros ($1.6 billion U.S.), of which 400 million euros ($565 million U.S.) will be for new thermal power stations and 100 million euros ($141 million U.S.) will be for new wind farms.
Dominique Fond, Chairman and CEO of Séchilienne-Sidec said, “The confidence of local communities, which we are proud to have merited, as well as the movement of public politics in favor of renewable energies, has encouraged us in our accelerated development.”