Corsica Sole transforms brownfield sites into solar power plants thanks to SG
Press releases
Corsica Sole announces the financing of two new photovoltaic power plants. They will be installed on brownfield sites located in Pithiviers (Loiret) and Cirey-sur-Vezouze (Meurthe-et-Moselle). These projects are receiving financial support from Société Générale, a long-standing partner of the company.
Local, low-carbon production
The two power plants will have a total capacity of 18 MWp. They will produce more than 21 GWh of renewable electricity each year. This is equivalent to the annual consumption, including heating, of 12,000 people.
These facilities will therefore prevent the emission of 6,488 tonnes of CO₂ per year. They are scheduled to come online in the summer of 2025. Through these projects, Corsica Sole is making a concrete contribution to the energy transition.
A tailor-made financial structure
SG structured the financing in partnership with Monte Cristo Advisory, Corsica Sole’s financial advisor. Together, they developed a solution tailored to the challenges of this type of project.
This collaboration demonstrates that it is possible to combine financial innovation with low-carbon energy production.
We are proud to be working with trusted partners on this new financing operation. It will enable the conversion of industrial sites into local, low-carbon solar energy production units. These power plants illustrate our commitment to a more sustainable energy mix, benefiting local communities and French energy sovereignty
SG is delighted to continue supporting Corsica Sole in financing ambitious projects that actively contribute to the energy transition. This transaction reflects our desire to offer innovative and responsible financial solutions for the development of renewable energies in France.
We are delighted to have supported Corsica Sole in structuring this transaction, which demonstrates the relevance of tailor-made financial solutions for the energy transition. This collaboration is fully in line with our commitment to decarbonisation.
An approach that benefits local communities
Through these projects, Corsica Sole is proving that it is possible to produce clean energy without consuming new land. Indeed, the conversion of brownfield sites helps to preserve agricultural and natural land.
Furthermore, this approach is part of a broader commitment to promoting a sustainable energy mix that benefits local communities and French energy sovereignty.
