We finance photovoltaic installations and solar power stations worldwide.
KfW IPEX-Bank is part of a banking consortium financing a 300-megawatt solar park in Cestas, south-western France. By providing a loan of EUR 75 million, the bank is backing a major environmental project and also supporting Krinner, a medium-sized German exporter based in Straßkirchen in Lower Bavaria.
The German exporter Krinner Schraubfundamente GmbH supplied and installed around 200,000 hot-dip galvanised screws foundations on which the free-standing photovoltaic power plant is erected near Bordeaux. State-of-the-art technology was used during the installation process, including drones, GPS-guided robots and hi-tech drilling machines.
A consortium comprising Eiffage Clemessy, Schneider Electric and Krinner, led by the French project developer Neoen and 8 other investors, was tasked with the plant's construction. Eiffage Clemessy and Schneider Electric are also responsible for the operation and maintenance of the power station.
The area around Bordeaux could almost have been designed for open-space solar installations. With global radiation in excess of 1,300 kWh/m2 , this region of south-west France offers excellent conditions for solar power stations. The future output of the Cestas photovoltaic power station has been calculated at over 360 gigawatt-hours per year. This is enough to keep the entire population of the neighbouring city of Bordeaux supplied with daytime electricity. Total project costs amount to around EUR 340 million.
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