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

• French renewable resource firm Compagnie Nationale du Rhône (CNR) has actually 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 intend to release 1GWp of solar by 2030, prioritising ground-mount and floating PV projects with capacities up to 4MWp, as well as commercial and commercial rooftop systems.

CNR said the subsidiary's service model will enable its companions-- regional authorities, firms and also 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 as well as 22 solar projects.

Chair of CNR's board, Laurence Borie-Bancel, stated the company has actually reconsidered its company design to accelerate the development of renewables.

CNR's expansion in the floating solar segment follows renewables designer as well as asset manager RES received planning permission last year for a 65.5 MW floating PV project that will be installed at a previous quarry in northeastern France.

Recent study from consultancy Fitch Solutions stated the projected development in floating PV around the world will position significant benefits to the hydroelectric pumped storage sector offered the synergies in between both modern technologies.