Axpo Subsidiary Urbasolar To Make 37 New Solar Plants

- Advertisement -
  • This would be done in collaboration with French Bank Credit Agricole
  • Axpo already has strong platform available for the expansion of its solar and wind business with its subsidiaries Urbasolar and Volkswind
  • The company currently operates solar plants with a total capacity of 350 megawatts

According to a report, Axpo Holding has announce that its subsidiary Urbasolar is accelerating its growth in France by developing 37 new solar plants across 16 French departments.

This would be done in collaboration with French Bank Credit Agricole. The total project financing amounts to EUR 124 million, which is one of the largest financing volumes for new PV systems in France.

The 37 solar plants that will primarily be built in Southern France have an installed capacity of 143 MW and can cover the annual power consumption of 65,000 households. The first plants have already been completed and connected to the grid recently. The total amount of EUR 124 million which would be financed by the French bank Credit Agricole, its subsidiary Unifergie speicializing in renewable energy projects and various regional banks.

- Advertisement -

Strong Expansion Platform

Axpo already has strong platform available for the expansion of its solar and wind business with its subsidiaries Urbasolar and Volkswind. Axpo successfully placed a green bond on the Swiss capital market with net proceeds amounting to CHF 133 million.  With this progress, Axpo is strengthening its position as Switzerland’s largest producer of renewable energies and reinforcing its leading role in the European wind and solar business.

Christoph Sutter, head Renewables at Axpo, explains “France is exemplary in terms of how rapidly the expansion of photovoltaics can go forward when the regulatory framework conditions are right. It would be great if Switzerland also had an environment that enabled us to use our extensive know-how in the area of solar plant construction.”

Urbasolar has been a subsidiary of Axpo since 2019. It counts among the most important companies in the solar energy industry in France. The company with headquarters in Montpellier currently operates solar plants with a total capacity of 350 megawatts. The pipeline hols additional plants with a capacity of 1700 megawatts.

- Advertisement -

Most Popular Articles

Applied Materials, Absolics, ASU Win $100M Each For Packaging Innovation

0
To advance semiconductor packaging, boosting AI and tech innovation, the U.S. government has awarded up to $100 million each to Applied Materials, Absolics, and...

Vingroup Unveils VinRobotics For AI And Automation Advances

0
VinRobotics, boasting a charter capital of VND 1,000 billion, will concentrate on crafting intelligent robotic products and solutions aimed at boosting production efficiency. These...

India’s Mobile Export Boom Pushes For Airport Infrastructure Overhaul

0
New airports to keep up with India's mobile export surge? To meet $180 billion target by 2030, manufacturers are urging upgraded and expanded cargo...

Ather Energy Introduces ‘Eight70 Warranty’ For EV Scooter Batteries

0
The Eight70 Warranty provides protection for either eight years or 80,000 kilometres, depending on which limit is reached first. Electric two-wheeler manufacturer Ather Energy introduced...

India To Offer $5B Incentives For Electronics Manufacturing

0
Eyeing to reduce Chinese imports and powering its $500 billion industry goal, India plans to offer up to $5 billion in incentives to boost...

“We Bring Intelligence Early On Into The Design Cycle” – Michel Van Cotthem VP...

0
With a solution embedding intelligence early in the design-to-source lifecycle, Supplyframe aims to leverage India’s electronics manufacturing boom. At IEW 2024, Michel Van Cotthem...
Vijai Karthick Selvam, Director of Teqtis

“We Do Everything From The Initial Concept To The Final Box Build” – Vijai...

0
Why are testing and R&D essential to combat printed circuit board manufacturing challenges? Speaking to EFY's Nitisha Dubey, Vijai Karthick Selvam, Director of Teqtis,...
Abhishek Malik, Executive Director, Calcom Vision Ltd

“India’s Electronics Sector Is Growing Rapidly, Making This The Decade For Investors To Engage”...

0
From the complexities of manufacturing and sourcing components to testing processes that drive innovation, know all the exciting dynamics shaping this ever-evolving industry in...
Sunit Kapur, CEO of Epsilon

“Epsilon Leads With Low-Carbon Graphite Manufacturing, Outpaces Chinese Competitors” – Sunit Kapur, CEO of...

0
Are LFP cathodes and silicon-graphite anodes the best for cost efficiency in EV batteries? Sunit Kapur, CEO of Epsilon Advanced Materials, discusses this with...
John W. Mitchell, President and CEO, IPC

“India’s Core Focus On 5G, IoT, AI Fosters Need For Advanced Electronics,Components, And Semiconductors”...

0
Will Industry 4.0 supercharge India’s progress in semiconductor and electronics manufacturing? IPC President and CEO John W. Mitchell shared more strategies on the country’s...

HKTDC Electronics Fair Sparks Innovation, 60,000+ Participants!

0
Showcasing cutting-edge tech, global innovation, and booming markets for the future of electronics, HKTDC’s Hong Kong Electronics Fair and electronicAsia drew 60,000+ professionals. Last month,...
Applied Materials Representational Image

Applied Materials Selects Six Startups For Deep-Tech Accelerator Programme

0
The selected deep-tech startups will be evaluated for investment by Applied Ventures and potential collaboration opportunities with Applied Materials. In collaboration with the company's India...

Space tech Startup Akash Secures $68M CHIPS Funding

0
Eyeing to power into AI, EVs, and more high-tech industries, Akash Systems lands $68 million CHIPS grant to boost its cooling tech facility, generating...

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...

Industry's Buzz

Learn From Leaders

Startups