An energy transition project rooted in the local community
Corsica Sole is building a 3.1 MWp solar power station in Venaco, on the site of a former waste disposal facility that now lies derelict.
Located in the hamlet of Quarceta, in Haute-Corse, the project will reclaim land that has already been degraded, transforming it into a site for the production of renewable energy, which will be fed into the local grid.
With an installed capacity of 3.1 MWp, it will cover approximately 4 hectares and comprise nearly 4,900 solar panels. Each year, it will generate around 4,000 MWh of renewable electricity, equivalent to the annual electricity consumption of 2,200 people.
This output will prevent the emission of nearly 2,250 tonnes of CO₂ equivalent per year.
A project tailored to Corsica’s energy challenges
By generating renewable electricity fed directly into the island’s grid, the Venaco solar power station will help to boost local generation capacity.
The project was selected as the winner of the PPE2 ZNI tender, which focuses on solar power generation facilities in non-interconnected areas. As part of this, it has been awarded a 20-year contract for a feed-in tariff for the electricity generated.
Its location on land that is already degraded is in line with the approach championed by Corsica Sole: to make use of available land to develop new renewable generation capacity, whilst minimising the use of new natural areas.
Preserving the site’s biodiversity
Corsica Sole has designed the project taking into account the presence of Hermann’s tortoise, a protected species found in the area.
The planned developments will allow the species to move freely through the power station and around the perimeter of the site. They will thus ensure the species retains access to the various habitats necessary for its life cycle.
The project therefore reconciles the generation of renewable electricity with the protection of the environmental issues identified at the site.
A new commitment from Corsica Sole in Venaco
This power station builds on an existing relationship between Corsica Sole and the municipality of Venaco.
In particular, the company designed, built and financed a 330 kWp photovoltaic shed there, which is now owned by the municipality. This building houses tennis courts and pétanque courts, as well as a multi-purpose covered space for local residents.
It plays a key role in local life, notably by hosting A Fiera di U Casgiu, the regional fair for Corsican farm cheeses, which has been held in Venaco since 1996.
With the Quarceta solar power station, Corsica Sole is continuing its commitment to Venaco and strengthening its long-standing presence in Corsica, where the company has been developing renewable energy projects since 2009.
A crowdfunding campaign exclusively for residents of Corsica
In order to directly involve local residents in the development of this project, Corsica Sole is organising, in partnership with Lendocompany, a crowdfunding campaign totalling 343 000€
The funds raised will help finance part of the construction and commissioning of the solar power station. The campaign will be open only to those with a main or second home in Southern Corsica or Northern Corsica, in accordance with the eligibility criteria set out on the Lendosphere and Lendopolis platforms.
The investment will take the form of an indirect equity investment and is expected to yield a gross annual return of approximately 7 per cent.
As with any investment in a company’s share capital, this investment involves risks, including the risk of partial or total loss of the capital invested and a risk of illiquidity. The investment’s characteristics, the associated risks and the regulatory documentation are available on the platforms.es.
Corsica Sole was founded in Corsica and has been developing solar projects there for over fifteen years. We now want to enable local residents to play a direct part in this initiative. Through this crowdfunding campaign, everyone can contribute, in their own way, to the development of renewable energy generated in our region.
