Corsica Sole raises €20 million from Mirova (Natixis) to double its solar and storage capacity
News
Corsica Sole, a specialist in solar photovoltaics and energy storage, is entering a new phase in its development. The company has raised €20 million in equity financing for its projects from MIROVA’s latest Energy Transition Infrastructure Fund. This operation aims to provide the equity necessary for its new projects over the next two years, which will represent 100 MWp of solar power plants and 25 MWh of storage.
100 MWp of solar power plants
This fundraising will enable us to accelerate the pace of our projects in order to double our power plant portfolio in less than two years. Today, Corsica Sole operates a portfolio of 60 MWp of solar power plants and 25 MWh of storage capacity.
This partnership allows us to play an important role in the energy transition, particularly in Corsica. We are proud to support Corsica Sole, which has demonstrated its expertise in managing these innovative projects.
For legal matters, Corsica Sole was assisted by Bertrand Galvez and Catherine Husson from LPA CGR, and MIROVA by Olivier Fourcault, Thomas Clément, and Lucie Revert from CLP-CLIPERTON.
Continuing to innovate in photovoltaics and storage
For Corsica Sole, this means continuing to invest in research and development to provide concrete solutions in renewable energies. Corsica Sole has always been at the forefront of innovation in energy storage. In 2015, it commissioned the first hybrid photovoltaic and battery power plant in Alata, Corsica, which has been in operation for more than five years.
Its expertise in this field was once again recognized in early 2019 when the Energy Regulatory Commission (CRE) awarded Corsica Sole the contract for two energy storage projects on the EDF grid in Corsica and Réunion, representing 20MWh. Corsica Sole has also developed innovative solutions for remote control of power plants.
Finally, its subsidiary DRIVECO is a pioneer in the field of electric and solar mobility. Its charging solutions, solar with the Parasol and flexible with the Kino terminal, can be adapted to all infrastructure needs for charging all electric vehicles.
