Axpo Holding, a Swiss company recently released statements claiming that its subsidiary, Urbasolar is bound to develop 37 new solar plants across the 16 French states in a bid to boost its growth in France. they plan to work with French bank Crédit Agricole’s subsidiary Unifergie which specialises in renewable energy projects and various regional banks, to finance the projects that amount to US$165.5 million, making this among the most expensive projects for solar PV systems in France.
In their statement, Axpo Holding explained that a majority of the plants will be built in Southern France and will have a total capacity of 143 MW that will be able to supply electricity to over 60,000 households across the nation.
Axpo reassured that they have strong platforms such as Urbasolar and Volkswind that cater to the solar and wind expansion plans they have for the future. Just recently, Axpo successfully placed a green bond on the Swiss capital market with net proceeds amounting to US$144 million.