July 14 (Renewables Now) – Alternative asset manager Tikehau Capital and NOVAFRANCE Energy, a renewables developer that specialises in agrivoltaics, will team up for a EUR-50-million (USD 50.3m), multi-year investment in solar-powered poultry shelters in France.
Tikehau Capital’s Green Assets strategy will fund a programme under which NOVAFRANCE Energy will install photovoltaic (PV) arrays for 5,000 poultry shelters on French farms over the next few years. The potential solar capacity of these projects is estimated at 300 MWp in total.
The installations will not only generate power but also protect animals from heat, weather and predators. According to the partners, the first project developed under this programme has confirmed the positive impacts of the concept.
“The establishment of this ambitious financial partnership will enable us to accelerate the realisation of our projects, and will promote animal welfare and the preservation of our planet,” commented Yves Le Bel, president of NOVAFRANCE Energy.
(EUR 1 = USD 1.007)
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