Terre et Lac Launches Crowdfunding for a Photovoltaic Power Plant

The Lyon-based company Terre et Lac, specializing in the design of ground-mounted photovoltaic power plants, has announced the opening of a crowdfunding operation for the installation of a shade plant in the parking lot of the Lely Environnement company in Voreppe.

The collection, amounting to 175,000 euros, is reserved for residents of Isère and neighboring departments (Rhône, Loire, Ain, Savoie, Hautes-Alpes, Drôme and Ardèche). The fundraising will allow participants to contribute to the financing via an interest-bearing loan. To do this, they must first register on the lendosphere.com platform.

Photovoltaic power plant in Voreppe: 155 tonnes of CO 2 saved per year

The company Lely Environnement, specializing in the collection, treatment and recovery of non-hazardous industrial waste, wishes to install this plant in the parking lot of its new headquarters. A total of 3,640 photovoltaic panels will be installed for a surface area of ​​7,248 m2 , to enable the production of 1,547 kWp of renewable energy. The plant will produce a cumulative 1,802 MWh, equivalent to the average electricity consumption of 360 homes.

Terre et Lac estimates a saving of 155 tonnes of carbon emissions released each year. The Lyon-based company currently manages a portfolio of projects under development of more than 500 mWp, and is targeting 1 gWp in operation or under construction by 2030.

Terre et Lac managed to raise 18 million euros last September. Funding which will enable the realization of twelve solar energy projects

The Lyon group Terre et Lac (€10.8 million in turnover in 2019, construction and operation of ground-based photovoltaic solar infrastructure) succeeded in September in an initial fundraising of €18 million via its company Corfu Solaire. This has joined forces with Mirova, a management company of the BPCE group which owns 40% of Corfu Solaire through its Mirova Eurofideme 4 fund. Financing allowing it to carry out twelve solar energy projects.

“We will seek capital via infrastructure funds to finance the construction of these projects from 2021. All our projects are then sold through holding companies,” explained Pierre-Emmanuel Martin, president of Terre et Lac.

Terre et Lac: coherent photovoltaic projects

The manager mentions the difficulties linked to planning authorizations for this type of infrastructure in a sector, that of renewable energies, “which is a real combat sport.” And the latter clarified: “We have chosen an economic model built on decentralization while the State and the main energy operator, EDF, have a centralized DNA. In other words, we are playing against a team which has the referee in his squad.”

A determination that convinced Mirova. “The Corfu Solaire team has demonstrated its ability to develop photovoltaic projects that are coherent in terms of regional planning, winning the support of local elected officials and the population, and innovative in terms of technology and financial structuring This financing is fully in line with our strategy to support the French energy transition,” added Raphaël Lance, director of Mirova’s energy transition funds.

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(Featured image by fabersam via Pixabay)

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