Meridiam buys majority stake in giant hydrogen-based solar-plus-storage project in French Guiana

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Credit: meridiam

France-based investment company Meridiam has acquired a 60% stake in HDF Energy’s hybrid 55MW solar PV and 140MWh hydrogen-based energy storage project, coupled with battery backup storage, in western French Guiana.

The Centrale Electrique de l’Ouest Guyanais (CEOG) project, launched in May, will be located in Mana near Saint Laurent du Maroni, and able to provide round-the-clock power to more than 10,000 households using the storage capacity to complement the solar PV generation. Meridiam will now help to finance and develop the plant.

The storage capacity will be larger than Tesla’s famous battery in Australia, which stands at 129MWh capacity. The project is scheduled to be commissioned in 2020 once it has been connected to the EDF station in Saint-Laurent-du-Maroni.

French power giant Engie and Meridiam were awarded two solar PV projects totalling 60MW(AC) in Senegal in April with record low prices ranging between Euro cents 3.80-3.98/kWh.

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