Completion of La Marandière 2 MWdc solar and dairy production project in France, under a mandate with a family office

Adiant Capital Partners, a Swiss investment advisory firm specialising in renewable infrastructure, has completed a 2.0 MWdc solar rooftop and state-of-the-art dairy production plant under a mandate with a family office.

Dairy plant buildings in construction at La Marandière, France

Adiant Capital Partners (“Adiant”) has completed the construction of a solar and dairy production plant project at La Marandière farm, in Manche, France. The project was realised under an investment mandate for an undisclosed French single family office active in the food and catering industry.

The project consists in photovoltaic solar rooftops totalling an installed capacity of 2.0 MWdc, the construction of four new buildings and the installation of robot milking units for up to 500 cows. The project is one of the last solar plants to benefit from a EUR 0.42/kWh feed-in-tariff. The rights to the project have been acquired from an independent solar developer by a new special purpose vehicle owned by the family office.

The solar rooftops are equipped with c. 8,200 Yingli modules and Sungrow inverters. It produces in excess of 2.2 GWh of electricity annually, avoiding the emission of 2,200 tons of CO2 each year. The project will operate for the next 25 years.

The project has a significant social impact as it permitted to save the activities of the farming family by enabling it to step up its production volume and integrate downstream in dairy products manufacturing and sale.

Adiant selected Cegelec, a major construction conglomerate, as the lead Engineering, Procurement & Construction contractor and Operation & Maintenance contractor.