30 July 2012
The French Ministry of Energy and Environment today published the results of the Commission de Régulation de l'Energie (CRE) photovoltaic (PV) tender offer. Customers of Heliotrop's 1024-sun CPV company have been awarded power purchase agreements (PPAs) for 29 megawatts (MW) out of a total of 50MW of hybrid power plants to be built between 2012 and 2014. Hybrid power plants combine traditional PV with at least 30% CPV, allowing a side-by-side comparison of technologies along with more accessible project finance.
According to GTM Research, CPV is poised to become the lowest levelised cost of energy (LCOE) solar technology in high direct normal irradiance (DNI; direct sunlight) areas, thanks to its dual-axis tracking, high efficiency and low temperature sensitivity.
Commercial Heliotrop CPV units
Grateful for the tremendous client endorsement these contract wins represent, Heliotrop believes that the innovative 1024-sun high concentration photovoltaic (HCPV) units embedded in these projects will enable large-scale demonstration of CPV's ability to deliver grid-competitive performances.