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Shine France (FSD)
A pipeline of development solar assets in France
Shine FSD Ltd is a company set up to capitalise on the clear opportunities present in the French solar market.
Specifically, Shine FSD Ltd has established a local development team and we will develop a minimum of four
projects. We will commit funding tothe projects only when a lease option has been agreed with a land owner, and we will work to progress them all the way to ready-to-build status.
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The estimated time to complete a minimum of 6 projects is 24 – 36 months.
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Shine FSD Ltd’s local team are continually identifying sites for potential solar farms. Their work includes liaising
with private and corporate landowners, initial desktop studies to establish distances to electricity sub-stations and capacity, and liaising with the local community to ensure local engagement.
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After the initial search has been carried out, our engineering partner Tecsol will be engaged to begin the formal in-depth process outlining environmental issues, grid connectivity, public engagement and planning submission.
After all permits have been established and relevant contracting parties informed the project will be ready to build.
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Why France?
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Reason 1: Attractive financial stability In the most recent renewable energy country attractiveness index produced annually by EY, France has been ranked third in the world (out of forty)behind the US and China, with 650MW of ground solar being awarded long term power purchase agreements by the French Government in the last auctionround of April 2020 with an average selling price for power of €62.11/MWh and an average of €62.14 across the last seven rounds. Innovationsolar, of which floating solar is considered as part of, commanded a price of €82.8/MWh. In addition to this an extra 312MW of solar was awarded in specific tenders and over the next five years France aims to tender and additional 10GW of ground based solar.
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Reason 2: Strong policy and incentives
The Multiannual Energy Programme (Programmation Pluriannuelle de l’Energie (PPE)) a ten year trajectory statement issued in November 2018 bythe French Government is intent on reducing fossil fuel consumption and provide a clear, fair and sustainable transition for all. It is aiming to establish 35.6GW of solar power by 2028, from a current size of 10GW which was achieved in Q1 2020. Incentives are in place to promotedevelopment on brown field sites, commercial and industrial enterprise zones and public institutions with a further strong emphasis beingplaced in rural areas. All new retail developments where solar shading is provided for parking must now support solar pv. In total €71 billion of support is intended for the increase of renewable energy (electricity, biogas and renewable heat) up to 2028.
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The government is keeping to its commitment to diversify the energy mix and reduce nuclear energy to 50% by 2035, with ¼ of all currently operational reactors being shut down by then as stated in the PPE2. The most recent reactors to be closed are the two reactors at Fessenheim in the Haut Rhin (February and June 2020) and to date 180MW of solar has been dedicated to reactors former site with another tranche of 120MW at the end of July. This is still far short of the reactors generating plate value of 1840MW but it shows the significance
and dedication by the government to scale back nuclear and replace with greener technologies. EDF has been asked to propose ways implement the challenges being faced by the PPE by safeguarding the groups integrity and providing adequate funding to meet the outlined commitments. In the period from 2017 to 2020 RTE3 has invested €35 million a year on R&D allowing optimal griddevelopment and grid infrastructure evolution for the transition programme.
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Reason 3: Size and innovation
The Government auctions for power purchase agreements for solar farms dictate an upper size of 30MW per site which in turn promotes favourable planning applications. Auction prices are reflected in the type of renewable energy deployed and the sizes permitted. France is alsopromoting the development of innovative solar projects from the use in viticulture4 (leading to reduced water loss and improved quality of thevines) and floating solar projects, which has a potential of up to 20GW spread over approximately 1300 sites consisting of primarily old industrialsites, dams and reservoirs.
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An average FSD solar project:
10MWp connection
30
years of generation
30
ha of land
20
GW generated pa
28,000
solar panels
12,000
tCO2e avoided per year
5,000
homes powered
In focus: Our French Partner - Tecsol
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Founded 35 years ago in Perpignan, TECSOL is an innovative technology company that operates in all sectors of solar energy (solar thermal, photovoltaic, self-consumption).
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From its foundation, the convergence of digital technology and solar energy has been a strong focus of its research and development policy. This choice is proving to be very relevant today at a time when digital technology is invading all sectors of society.
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In addition to the development and fine-tuning of innovative processes (guarantee of solar results, supervision of installations, etc.), TECSOL derives its reputation from its activity as an independent technical design office. Over the years, the largest companies and communities of all kinds have placed their trust in the know-how and availability of the 45 TECSOL employees.
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secondary project focus
primary project focus
Meet our Project Manager
Ashton Shuttleworth
Project Manager
Shine France
If you would like to speak to Ashton in relation to the Shine projects in France please email him at info@canigoucapital.com
Ashton heads up our French solar projects. He is based in Pau, in the South of France.
Ashton has over 20 years experience in the field of renewable energy and clean technology as an analyst, consultant, investor and more recently developer.
His skills stem from an MSc in environmental Technology (Imperial College, London) and working with companies such as KPMG, Dresdner and an array of smaller boutique consultancies and advisory firms. He has lived in SW France with his family for the past 6 years.
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