DF SUEZ and its joint venture partners together with the Mayor of Curbans, Daniel Rolland, signed an agreement to build France’s largest photovoltaic solar power facility in Curbans (south east of France). The project is part of the Group’s strategy by the year 2013 to have a diversified electricity production base with an installed capacity of 10,000 MW. Moreover, the Group has a portfolio of photovoltaic solar energy projects totaling close to 200 MWp.
The Curbans photovoltaic power facility will have a total output of 33 MWp with approximately 145,000 photovoltaic panels producing 43.5 million kilowatt hours of renewable energy each year, equivalent to the annual electricity consumption of 14,500 households (excluding heating) and, compared with a fuel oil power plant, sparing close to 120,000 metric tons of CO2 emissions annually. The Curbans photovoltaic facility will cover 150 acres on a large plateau at 3,280 feet altitude. Commissioning is scheduled for August 2011.
Construction and operation of the future facility will be carried out by a specially-created project company made up of GDF SUEZ and two financial partners: EuroFideme 2 (Natixis Environnement & Infrastructure) and SEIEF (Dexia). The company will carry the financial investments committed for the project. GDF SUEZ and its joint venture partners will be in charge of the facility’s operation and maintenance during twenty years.
GDF SUEZ’s commitments to renewable energy sources and sustainable development are reflected in its positions as France’s leading wind power producer (525 MW installed at June 30,2009) and the country’s second largest hydro-electric power producer (3,714 MW). The Group has a production base of over 6,600 MW of installed capacity in France, nearly 70% of which is derived from renewable sources.
About GDF SUEZ
One of the leading energy providers in the world, GDF SUEZ is active across the entire energy value chain, in electricity and natural gas, upstream to downstream. It develops its businesses (energy, energy services and environment) around a responsible-growth model to take up the great challenges: responding to energy needs, ensuring the security of supply, combating climate change and optimizing the use of resources. GDF SUEZ relies upon diversified supply sources as well as flexible and high-performance power generation in order to provide innovative energy solutions to individuals, cities and businesses. The Group employs 200,000 people worldwide and achieved revenues of €83.1 billion in 2008. GDF SUEZ is listed on the Brussels, Luxembourg and Paris stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Stoxx 50, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe and ASPI Eurozone.
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