French renewables firm CNR launches new unit to develop 1GWp of solar by 2030

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
A floating solar project from BayWa r.e. in the Netherlands. Image: BayWa r.e.

French renewable energy company Compagnie Nationale du Rhône (CNR) has set up a new subsidiary that will focus on the development of solar installations in the Rhône valley area of France.

Dubbed Solarhona, the unit will aim to deploy 1GWp of solar by 2030, prioritising ground-mount and floating PV projects with capacities up to 4MWp, as well as commercial and industrial rooftop systems.

CNR said the subsidiary’s business model will allow its partners – local authorities, companies and farmers – to be involved in the governance of solar projects.

With more than 80 plants already underway, Solarhona has 20 employees and plans to double its workforce in the next year.

According to CNR’s website, the company has 4GW of installed renewables capacity, including 45 hydropower plants, 46 wind farms and 22 solar projects.

Chair of CNR’s board, Laurence Borie-Bancel, said the company has reconsidered its business model to accelerate the development of renewables.

CNR’s expansion in the floating solar segment comes after renewables developer and asset manager RES received planning permission last year for a 65.5MW floating PV project that will be installed at a former quarry in northeastern France.

Recent research from consultancy Fitch Solutions said the projected growth in floating PV globally will pose significant benefits to the hydroelectric pumped storage sector given the synergies between the two technologies.

Read Next

June 27, 2022
Tata Power Solar Systems said it has commissioned India’s largest floating PV plant, a 101.6MWp project in the southern state of Kerala.
May 31, 2022
Floating solar system provider Ocean Sun is preparing to scale up the utility-scale deployment of its technology as its management calls for more regulatory frameworks to unlock the potential of the floating PV segment.
May 24, 2022
Energy independence strategies and emerging technologies such as floating solar are helping bolster renewables investment across Europe.
May 11, 2022
Energy advisory and assurance provider DNV has introduced two joint industry projects (JIPs) aimed to standardise the development of floating PV (FPV).
May 9, 2022
Solar developer Lightsource bp is setting up operations in France as it looks to reach a 1GW pipeline of large-scale PV projects in the country by 2026.
May 4, 2022
French independent power producer (IPP) Neoen recorded a 36% leap in revenue in Q1 2022, solar revenue rising 31% year-on-year.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 4, 2022
New York, USA
Solar Media Events
October 11, 2022
Virtual event