KfW IPEX-Bank provides €104M loan for Neoen’s energy projects in France

WCN Editorial Team 23 May 2016 EUROPE ENERGY & UTILITIES

Germany-based KfW IPEX-Bank is providing a loan worth €104M to the French energy provider Neoen to support the construction of energy projects in France.

The projects include a 30MWp photovoltaic (PV) facility and two wind farms with a total capacity of 46MWp.

German manufacturer SolarWorld is providing the modules for the PV plant, which is being built in the Tarn department in southwestern France, while German wind farm manufacturer Enercon and the Danish company Vestas are supplying the equipment to the Bussy Lettrée and Raucourt II wind projects in northeastern France.

Neoen corporate finance director Charlie Canevet said: “We are happy to be working with KfW IPEX-Bank again on our new projects in France. For our global activities in the field of renewable energies, we partner with dependable banks with proven structuring expertise.”

The plant will be completed soon and the two wind farms are expected to be operational by the end of 2016.

* Data provided by Timetric's Construction Intelligence Center.

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