State-owned utility company China General Nuclear Power (CGN), has announced a €1bn investment to produce solar energy in France , through a partnership with Europe CGN , a small Bordeaux -based company that provides photovoltaic panels for farm sheds. The project is targeting 1GW of power generation per year by October . Wei Lu , CEO of CGN said " France is a very safe country for investments, the feed-in tariff for solar electricity is very stable." GRADIGNAN, France (Reuters) - Chinese power group CGN will invest more than 1 billion euros ($1.10 billion) to produce solar energy in France through a partnership with a small Bordeaux-based company that provides photovoltaic panels mounted on farm sheds. In October we reported CGN partnered with EDF to construct the most expensive power plant ever built, costing £18bn, which will provide 1GW of power to the UK by 2025 .
State-owned utility company China General Nuclear Power (CGN), has announced a €1bn investment to produce solar energy in France , through a partnership with Europe CGN , a small Bordeaux -based company that provides photovoltaic panels for farm sheds. The project is targeting 1GW of power generation per year by October . Wei Lu , CEO of CGN said " France is a very safe country for investments, the feed-in tariff for solar electricity is very stable." In October we reported CGN partnered with EDF to construct the most expensive power plant ever built, costing £18bn, which will provide 1GW of power to the UK by 2025 .