Finance the land for a solar park on a brownfield site

The project, led by the Solges Energy Group, involves the purchase of land on a historic industrial brownfield site to build a ground-mounted photovoltaic power plant, located in the Oise department (60). This project contributes to the ecological transition in two ways: by rehabilitating a polluted industrial brownfield and by producing local green energy on land that has already been developed by human activity.

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Key project data

Target amount

1,8 MEUR

IRR

7.5%

Volwassenheid

24 month

Einddatum

2026-04-30

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AI project overview

Condensed summary based on project data

### Project Overview: Nova Friche Solar Photovoltaic Project

#### 1. Project Summary
The **Nova Friche Project** involves the development of a 34.5 MWc photovoltaic solar power plant, utilizing a 28.5-hectare industrial wasteland. The goal is to transition this degraded site into a renewable energy source, supporting local sustainability initiatives and reducing carbon emissions.

#### 2. Key Objectives
- **Renewable Energy Generation**: Achieve an annual production of approximately 34.4 GWh, providing significant contributions toward renewable energy targets.
- **Financial Sustainability**: Attain a target internal rate of return (IRR) of 6.26% over a 30-year period, ensuring the project’s economic feasibility.
- **Environmental Restoration**: Remediate the site affected by historical industrial activities, adhering to environmental regulations and promoting local biodiversity.

#### 3. Methodology
- **Site Acquisition**: Currently finalizing legal proceedings to secure the site. This includes securing environmental clearances and local authorizations necessary for construction.
- **Project Design and Planning**: Development of a detailed construction plan, including timelines for installation of solar panels, electrical systems, and monitoring technologies.
- **Risk Management**: Implementation of a comprehensive risk assessment matrix to identify, monitor, and mitigate potential risks associated with construction, financing, and regulatory compliance.
- **Community Engagement**: Proactive involvement with local stakeholders to align project development with community expectations and needs.

#### 4. Timeline
- **Preparation Phase**: Completion of legal acquisitions and site surveys by late 2025.
- **Construction Phase**: Expected start in early 2026 with significant completion by late 2027:
- **Months 1-4**: Site preparations and infrastructure setup.
- **Months 5-10**: Installation of solar panels and associated electrical equipment.
- **Months 11-12**: Final inspections, site restoration, and commissioning of the plant.

#### 5. Expected Outcomes
- **Reduction in CO2 Emissions**: Transitioning from industrial use to renewable energy production will significantly lower carbon emissions.
- **Economic Returns**: Expected financial viability will encourage investment and promote further renewable initiatives in the region.
- **Enhanced Local Biodiversity**: The project is expected to lead to ecological improvements in the area, fostering a sustainable environment.

This structured overview encapsulates the objectives, strategy, and projections crucial for stakeholders and partners involved in the Nova Friche solar photovoltaic project.

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