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Home Deal Tracker

Corsica Sole raises $20M from Mirova (Natixis) to double solar park + storage

Tim D by Tim D
November 17, 2019
in Deal Tracker
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corsica sole venture capital solar

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The company has raised $20 million from the most recent Infrastructure Transition Fund of MIROVA. This operation aims to offer the necessary funds for its new jobs for the next two years, which will signify 100MWc of power plants and 25 MWh of storage.

Continued innovation in photovoltaics and storage

For Corsica Sole, it is a question of continuing to invest in research and development to give solutions that are concrete Corsica Sole has ever been in the forefront of innovation in energy storage. It has been working for at least 5 years and commissioned that the first photovoltaic and battery powered plant in Alata in Corsica. Its know-how within this region was once again recognized in ancient 2019 during the last referral to the Commission for Energy Regulation (CRE) for which Corsica Sole was named laureate for two energy storage projects on the French market. EDF network, in Reunion and Corsica, representing 20 MWh. Corsica Sole has also developed solutions for control of crops.

Its subsidiary DRIVECO is a forerunner about the theme of mobility that is solar and electric. Its recharging alternatives, flexible with the Kino terminal and solar with Parasol, which makes it feasible to adapt to all the infrastructure needs for charging all electric vehicles.

This partnership enables us to play a significant part in the energy transition, particularly in Corsica. We are pleased to support Corsica Sole, that has demonstrated its know-how at the management of these innovative projects

According to Raphael Lance, director of the MIROVA Energy Transition Infrastructure Fund.
Tim D

Tim D

Deep background and technical expertise in alternative energy with a focus on corporate development and funding innovation in the solar industry. Currently reporting on current trends and opportunities in solar and uncovering early and mid-stage companies poised to shift the way we produce and use energy.

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