Phoenix Solar intends to commence work on the two solar power plants during this year.

The two solar facilities have a peak power of nearly 12MW each and will be generating around 36 million kWh of green electricity annually in the future.

Construction on the solar parks is expected to be completed by the end of the year and the projects will be connected to the French grid next year.

Phoenix Solar CEO Andreas Hanel said together with the solar parks in Le Castellet and La Rouchouse, the company has already generated a contract volume of well over EUR100m this financial year in France.

Akuo Energy is a power producer specialized in renewable energy production from sun, wind, water and biomass globally.

Akuo Solar, a subsidiary of Akuo Energy, is an operator of solar power plants in France.