Recharge A/S, an investment fund specialising in renewables, will take a 50.1% stake in a €24 million (US$26.7 million) micro grid on a remote Portuguese island that could prove the validity of such projects as an asset class.
As part of France’s programme to install PV-plus-storage on its island territories, renewable energy developer Langa has selected integrated solutions provider Schneider Electric and battery designer Saft for two new projects in Corsica.