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Tokyo-based Mitsubishi has expanded into France with the acquisition of a 50% stake in EDF Energies Nouvelles’ (EDF EN) 55MW plant located near Nancy.
The Toul-Rosières project comprises three separate fixed ground-mounted PV plants, with the largest portion, which cost roughly €200 million (approximately US$261 million), now owned by EDF EN and Mitsubishi. Toul 2 (36MW) was acquired by the Marguerite Fund in December 2011 and Toul 3 (24MW) was acquired by Sonnedix in June 2012.
Construction started in June 2011 following a two-month clean up process as the 367 hectare Toul–Rosières solar power plant is located on a former 522 hectare NATO military airbase.
At least US$10.3 million was reported to have been spent on depolluting the site with around 8,000 tons of contaminated soil claimed to have been removed. Ammunition storage facilities, oil storage tanks, aircraft hangers and asbestos were also disposed of from around 170 buildings.
Almost 1.5 million First Solar thin-film panels and SMA inverters were used in the construction of this plant, which is expected to produce enough electricity to power 60,000 homes.
MC is targeting to increase its world-wide power generation capacity to 6GW from the current 4.5GW by 2015 with 20% of its portfolio allocated to renewable energies.
Operation and maintenance services will be managed by one of EDF EN’s subsidiary.