SocGen backs 21-MWp Solar for Corsica Sole

• Societe Generale SA provides financing for 21MWp solar portfolio across mainland France & overseas territories. 17 projects to generate 18GWh of electricity a year, with one project supplied by corporate PPA. Construction begins 2020, ending 2024.

Societe Generale SA is providing financing to Corsica Sole, enabling the construction of a 21MWp solar portfolio in France and its overseas territories. The 17 projects will be located across the mainland and islands, and include ground-mounted, rooftop, and agrivoltaic installations. The portfolio is expected to generate 18GWh of electricity a year. One of the projects in mainland France will be supplied through corporate PPA, supplying power to an unnamed steelmaking company. The projects are expected to be online between 2020 and 2024.

What Is Societe Generale SA Financing for Solar Projects?

• Societe Generale SA is a prominent French banking and financial services company.
• The financing is going to Corsica Sole, a French renewable energy developer.
• The 21MWp portfolio includes 17 projects across mainland France and its overseas territories.
• The projects will feature ground-mounted, rooftop, and agrivoltaic installations.
• The projects are estimated to generate 18GWh of electricity a year.
• One of the projects in mainland France will be supplied through corporate PPA, providing power to an unnamed steelmaking company.
• The projects are expected to be operational between 2020 and 2024.