Sonnedix and Allianz Global Investors have bought a 41.2MW solar park from BayWa r.e. in the French commune of Hourtin, northwest of Bordeaux.
The Lacs Médocains project consists of four sections, of which three with a capacity of 31.8MW were sold to solar independent power producer (IPP) Sonnedix. The fourth part has been sold to the Allianz Renewable Energy Fund II (AREFII), a closed-end fund of Allianz Global Investors.
The whole solar park can power more than 20,000 households. BayWa r.e. completed the construction works in November 2017 and will continue to provide ongoing O&M of the solar park through its locally based operation and maintenance team.
“We are happy to announce that we have successfully sold this project to two major players in the renewable energy sector”, said Benedikt Ortmann, MD at BayWa r.e. Solar Projects GmbH. “The realization of this major project shows once again the capacity of BayWa r.e. to implement large-scale solar in France with the highest quality standards.”
Sonnedix's operating capacity in France now stands at 189MW.
As the first subsidy free solar projects begin to appear, Solar Media is preparing to mark the dawn of a new era of subsidy free business for Europe and with nearly 4GW of large scale solar in the UK’s pipeline alone, the time for subsidy free solar has arrived.