Canadian renewable energy developer Boralex Inc. has commissioned its 10-megawatt Les Cigalettes solar power station located in the French communes of Montfort and Peyruis.
The project, located in France’s Alpes de Haute-Provence region, is covered by a 20-year power-purchase agreement with Electricite de France and will have an annual average production of 15 GWh. Construction of Les Cigalettes required investments of almost €11 million (US$12.3 million), 85% of which originated from bank financing over a term of nearly 18 years with Credit Industriel et Commercial.
“With solar energy costs falling and even closing in on traditional-energy costs, commissioning our second solar asset in France is proof of Boralex’s intention to pursue solar development,” stated Boralex President and CEO Patrick Lemaire.
