Boralex launches 9-MW crowdfunded solar farm in France

• Canadian renewable resource company Boralex Inc (TSE: BLX) announced on Tuesday that it has actually commissioned its 9-MW (AC) La Cle des Champs solar farm in south-central France, its very first crowdfunded asset in the nation.

The milestone comes two years after Boralex introduced a crowdfunding project through Enerfip's platform, raising EUR 844,000 (USD 819,600) from citizens in the Haute-Loire division and also the wider Auvergne-Rhone-Alpes area. The amount represented 40% of the capital needed for the project.

According to the Canadian company, La Cle des Champs is the largest solar PV plant in Haute-Loire, and is the first for Boralex in this division. The solar farm is outfitted with over 28,000 panels and also uses trackers to follow the sun, Boralex claimed.

La Cle des Champs will operate under a 20-year feed-in premium agreement, which the company safeguarded for this project in the French power regulator's require tenders in 2020.

Boralex has actually a group based some 11 kilometres (6.8 miles) from the solar farm site that will be in charge of procedure as well as upkeep, the firm included.