France's HDF markets stake in solar-hydrogen-battery project in Barbados

• French fuels representative Rubis SCA (EPA: RUI) is getting a 51% stake in a solar-plus-green hydrogen and also battery project established by hydrogen energy specialist Hydrogene de France SA (EPA: HDF) in Barbados.

Touted by its programmer as the largest hydrogen power project in the Caribbean, the proposed Renewstable Barbados (RSB) facility is set to incorporate 50 MW of solar PV generation as well as 128 MWh of environment-friendly hydrogen as well as battery storage. HDF said that it is holding talks with the Barbados Sustainable Energy Co-operative Society to offer it a 30% stake in the project before construction.

The USD-100-million-plus (EUR 88.2 m) complicated will be situated in St Philip, in the eastern part of Barbados. The solar farm portion will certainly additionally function as an agrivoltaic center as it will fit lamb farming, HDF claimed.

According to the French programmer, its RSB plant will certainly produce sufficient power for some 16,000 Barbadians and help the island nation replace several of its aging and also expensive energy assets that are presently running on fossil fuels.

The Barbados project will follow the exact same recipe that HDF made use of to create its initial Renewstable nuclear power plant in French Guiana, which will likewise give electrical energy by means of a solar farm and storage space in hydrogen and batteries once the ongoing building and construction wraps up. Rubis is also an equity financier in the Guiana project alongside HDF as well as facilities fund Meridiam.

Rubis holds an 18.5% stake in HDF and is the firm's second largest shareholder.