GreenYellow secures financing for new solar project in Mauritius

• French clean energy solutions provider GreenYellow revealed on Tuesday it has actually closed an MUR-350-million (USD 7.9 m/EUR 7.2 m) funding deal with the Mauritius Commercial Bank Ltd for a new photovoltaic (PV) project in the island country.

The PV nuclear power plant will be situated in Arsenal, around 10 km (6.2 miles) north of the resources Port Louis.

GreenYellow claimed it intends to commission the solar farm this year. Once up and running, the renewable energy center ought to can generating more than 20 GWh of clean energy each year, enough to meet the consumption demand of over 4,500 Mauritian homes.

On the whole, the French firm has actually mounted greater than 100 MWp of solar power in the whole Indian Ocean region, it noted.