Major solar energy investment made in France

09 Nov 2010
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Major solar energy investment made in France

A pair of new solar energy plants are to be opened in France as a result of a major investment from a company.

Dublin-based renewable energy firm International Energy Investments Group announced that it is to spend 15 million euros (£12.9 million) on the two facilities.

Peter McCarthy, chief executive officer of International Energy Investments Group, described the injection of cash as a "long-term investment".

One of the new solar energy plants is located at Ferrassieres, near Avignon in the Rhone-Alpes region.

Stefan Sauberlich, chief executive officer at SOLON SE, which built the solar energy facilities, commented: "These power plant projects are an excellent demonstration of how photovoltaics can create added value. Former military sites are now hosting solar power plants that generate environmentally-friendly energy and reduce CO2 emissions."

This comes shortly after it was announced by the European parliament that £126 million of uncommitted funds is to be used to boost renewable energy developments such as those in the solar power sector. 

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