OX2, a Sweden-based renewable energy company that develops, funds, and manages large-scale projects, signed an agreement to sell 23 MW of AgriPV project located in the Loiret region, France, to CVE, a France-based independent renewable energy power producer.

The construction of the solar plant will be carried out by CVE, and the commissioning is expected to be during the first quarter of 2026.

The project is OX2’s first in AgriPV, where solar panels are combined with agriculture, farming, or livestock. This project has been developed by OX2 and will consist of fixed-tilt solar panels over a flock of 300 sheep. The estimated annual energy production of the solar farm is about 29 GWh, which corresponds to the annual electricity consumption of 6,000 households.

OX2’s project development portfolio consists of in-house developed as well as acquired projects in onshore and offshore wind, solar, and energy storage in various phases of development.

“We are happy to announce our first sale in France and are grateful for the constructive cooperation with local stakeholders that made this project possible. This project will make a valuable contribution to meeting the growing demand for carbon-free electricity production in France. The sale process has proven that there is a lot of interest among investors for this kind of renewable energy project,” said Paul Stormoen, CEO of OX2.

According to Mercom’s recently released 9M and Q3 2023 Solar Funding and M&A Report, in the first nine months (9M) of 2023, there were a total of 166 project acquisitions for 31.6 GW compared to 207 projects acquired for 52.1 GW in 9M 2022.

ABO Wind, a renewable energy project developer, has sold a 100 MW solar project in South Africa to an undisclosed acquirer. The project is the third photovoltaic facility within a cluster comprising a total of 300 MW. The project is located on 450 hectares of privately owned land in the North-West Province of South Africa. The other 200 megawatts had already been sold by ABO Wind in 2022.