Orion safeguards EUR28m to finance French solar

• Debt arrangement is for two different portfolios which consist of 128 photovoltaic or pv power plants

Orion Energies has actually settled a EUR28m arrangement with Caisse d'Epargne Ile-de-France, BPCE Lease and also Crédit Coopératif for the funding of 20MW of solar PV projects in France.

The financing was executed for two different portfolios which include 128 photovoltaic or pv solar energy plants with roofings as well as agricultural sheds topped 14 departments in the Bourgogne-Franche-Comté, Centre-Val-de-Loire, Nouvelle-Aquitaine, Occitanie and also Pays de la Loire areas.

The production of these plants will certainly be equivalent to the energy intake of 7,800 families and also will certainly stay clear of the emission of more than 1,600 tons of CO2.

Orion Energies claimed that 2MW of capacity has actually currently been commissioned.

The solar power plants will be included in the 170MW of power developed and also 150MW of power plants run in France as part of its growth and development trajectory, the company added.