French region announces financial aid for solar PPAs – Policy

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From pv magazine France

France’s Nouvelle-Aquitaine area has introduced assist to assist the expansion of photo voltaic PPAs. The just lately opened name for initiatives goals to advertise inexpensive native power provides to the area’s industrial firms, significantly within the type of new photo voltaic crops.

Corporations can be eligible for 2 sorts of assist: a subsidy for technical and authorized feasibility research (to a most of 70% of prices), or funding help within the type of a mortgage or assure as a part of the assist supplied by the European Regional Growth Fund (ERDF) on its 2021-27 plan.

Within the latter situation, initiatives may profit from an ERDF subsidy “relying on the dimensions of the beneficiary firm and the price of [electricity per] MWh … The quantity of the subsidy paid to the investor of the solar energy plant have to be totally handed on to the commercial firm by way of a reduction on the value of electrical energy provided.”

In all instances, subsidies can be paid on to the photo voltaic undertaking proprietor. As well as, the awarded firms can be supported in selecting the sort and tariff of the PPA.

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The decision for initiatives is open till Dec. 31, 2023, to firms whose electrical energy consumption on the manufacturing website or websites positioned in Nouvelle-Aquitaine is larger than 5 GWh/12 months. They will apply alone or in teams, or as a part of a multi-buyer PPA.

“Giant teams could also be supported, however solely within the context of a collective inexperienced company PPA with small companies in Nouvelle-Aquitaine,” the regional authorities mentioned in an announcement.

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