The installer, Solaire Direct was established in October 2006, and they raised €6.1 million of funding in June 2007 (from companies including TechFund, Schneider Electric Ventures, and Demeter Partners). They are now investing €3.81 million of that money in this JV, while Caisse des Depots is investing €4.44 million. Solaire Direct will own 50.25% of the new company.
The total spend on the 32MWp of solar parks is expected to be €140 million. 20% of this will be from direct investment (€28 million), and 80% will be borrowed.