Neoen, the leading independent French producer of green energy, is today announcing that it has entered into an agreement with Eiffage via its Eiffage Energía subsidiary and with Schneider Electric France concerning the construction of its 51.5 MWp Paradise Park power plant in Jamaica.
Neoen won the Paradise Park photovoltaic project for a total amount of nearly €55 million through a competitive tender held by the Jamaican Office of Utilities Regulation (OUR) and is the majority shareholder, alongside MPC Caribbean Clean Energy Fund and Rekmaniar Frontier Ventures. Paradise Park will supply the Jamaican market with the most competitively priced electricity in its history under a 20-year power purchase agreement (PPA) with the Jamaican Public Service Company at a tariff of USD 85 per megawatt hour.
Eiffage Energía, a Spanish subsidiary of Eiffage Énergie Systèmes, with substantial experience and well-respected expertise in high-power solar projects, will handle the construction of the Paradise Park project as part of a consortium with Schneider Electric France. Eiffage Energía will also maintain the power plant for a period of 20 years.
This latest agreement reflects Eiffage’s prowess in the solar energy sector, where it has installed over 1.5 GW in capacity worldwide. And working in partnership with Neoen, Eiffage has commissioned the 300 MWp Cestas photovoltaic power plant in south-western France. Outside France, Eiffage has built the solar power plant in Quilapilún in Chile, close to Santiago (110 MWp), the Ten Merina plant in Senegal (30 MWp) and that in Nouakchott in Mauritania (50 MWp). The Group will deliver the Huatacondo plant in Chile (98 MWp) in 2018.
Xavier Barbaro, Neoen’s Chairman, commented: “We have already worked on numerous occasions with Eiffage and Schneider Electric, both at home in France and around the world. So we are highly confident that the construction of Paradise Park in Jamaica, a new territory for us, is in the hands of highly reliable partners. Like some few other French groups, Eiffage and Schneider Electric have established leadership in the construction of solar power plants. A whole French industry has arisen in this segment, and its expertise is recognised worldwide.”