Iberdrola inaugurates 496-MW Saint-Brieuc wind farm offshore France
Sep 19, 2024 16:25 CESTFinancing is in place for a 51-MWp solar photovoltaic (PV) project in Jamaica and commissioning of the plant, majority-owned by France’s Neoen, is scheduled for the first half of 2019.
French development finance institution Proparco and Dutch development bank FMO will extend a USD-64-million (EUR 54.7m) senior loan for the Paradise Park, MPC Capital AG (ETR:MPCK) said on Thursday. Through its MPC Caribbean Clean Energy Fund, the Germany-based real assets investment manager is a shareholder in the project, along with UK-based Rekamniar Frontier Ventures.
Construction of the solar farm has already been initiated, according to the press statement.
The project was selected in a tender launched by the Jamaican Office of Utilities Regulation (OUR). Once completed, the PV plant will operate under a 20-year power purchase agreement (PPA) with Jamaica Public Service Co Ltd, at a tariff of USD 85 per MWh.
(USD 1.0 = EUR 0.855)
Iberdrola inaugurates 496-MW Saint-Brieuc wind farm offshore France
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