Message Covid 19

Message Covid 19

Dhamma Energy wishes to send a message of solidarity to those who have been affected by the Covid 19, and especially to Mexico, France and Spain, where we have a significant presence.

In this context, at Dhamma Energy we have implemented different measures for the security of our employees and clients. Among these actions, we have increased home office work and limited travels.

At Dhamma Energy, we keep working for the development of solar energy and we believe that renewable energy will be a driving force for a better and more sustainable future.

Dhamma Energy closes financing for 87.5 MWp solar farm in northern France

Dhamma Energy closes financing for 87.5 MWp solar farm in northern France

Madrid, February 11, 2020.- International solar developer Dhamma Energy announced today that it has secured long-term funding for the 87.5 MWp Athies-Samoussy site, the largest solar park in the Hauts-de-France region of northern France.

French bank Caisse d’Epargne CEPAC acted as sole arranger, agent, and account bank, working with Bpifrance, as the lender, and Natixis as the sole hedging bank.

“We are delighted to have established with Caisse d’Epargne CEPAC, BPI and Natixis a very competitive bank financing for our largest solar park in France. This marks a new step in our growing French portfolio that balances the geography of our solar parks in operation, which are currently located in Southern France and Corsica,” said co-founder of Dhamma Energy Olivier Crambade.

“We are pleased to have been able to arrange the financing of this new project for Dhamma Energy, for which we have been financing French projects for several years. This financing has been structured to allow Dhamma Energy to best benefit from the favourable liquidity that the European Investment Bank offers the French renewable energy sector and will also allow Dhamma Energy to benefit from a truly optimized financing cost”, said in a joint statement Didier Moaté and Amaury Schoenauer, respectively member of the board and head of Structured Financing at Caisse d’Epargne CEPAC.

Dhamma Energy won the Athies-Samoussy project in 2018 at French national auctions. The public and private sectors as well as individuals through crowdfunding have also invested in the project.

The Athies-Samoussy project set a record of crowdfunding for a solar project awarded at national auctions in France. The project collected 1.1 million euros through the platform Lendosphere in 25 days in July last year. Only local investors participated in the crowdfunding.

The solar park is also financed by the mixed companies SEM Somme Energy and SEM Energies Hauts-de-France, as well as the private group Maison Mélan Moutet.

The five solar parks which compose the Athies-Samoussy project will come online over the next 12 months. Annual electricity production will be 93 GWh, which is the equivalent of the domestic consumption of 40,000 households.

Construction has already started at the site. The project will provide a new use for the former Laon-Athies NATO Air Base, which is currently abandoned.

Infrastructure company Grupo Ortiz are responsible for the engineering, procurement and construction (EPC) for the project. Dhamma Energy and Grupo Ortiz signed a contract for the construction, operation and maintenance.

“We have found in Grupo Ortiz a recognised partner for the construction of the Athies-Samoussy solar park. Grupo Ortiz has a broad experience in the EPC of large solar parks, at an international level and in France,” said Sémir Chahed, Director of Development for France.

About Dhamma Energy

Dhamma Energy, headquartered in Madrid (Spain), develops, finances, builds and operates solar parks, solar rooftops and self-consumption installations. To date Dhamma Energy has fully developed 650 MWp of solar projects, most of them located in Mexico and France. Dhamma Energy has currently a pipeline of over 3 GWp under development in Europe, Latin America and Africa.

About Caisse d’Epargne CEPAC

Caisse d’Epargne CEPAC is a prominent cooperative bank operating in the Mediterranean area and the French overseas territories. It is a member of the BPCE Group.

It gathers more than 3,500 employees, its 318 agencies serve 2 million clients, and its 10 business centres are dedicated to businesses, local authorities, social economy, social housing organisations, SME, and real estate professionals.

Caisse d’Epargne CEPAC also offers a large range of specialised products, such as structured financial solutions, investment capital, microcredit, and real estate investment.

The bank of diversity, Caisse d’Epargne CEPAC is implanted across a vast territory that covers 11 departments (Bouches du Rhône, Vaucluse, Alpes de Haute Provence, Hautes Alpes, Haute Corse, Corse du Sud, Réunion, Guadeloupe, Martinique, French Guiana, and Mayotte) and 3 overseas collectivities (Saint Pierre and Miquelon, Saint-Barthélémy, and Saint Martin).

Every year, Caisse d’Epargne CEPAC takes part in various sponsorship and patronage initiatives, which revolve around three areas: sports, culture, and education.

Key indicators as of 2018: €776M revenue, €3.5bn equity capital, net income: €154M net income.

Credit of the picture: Samuel Duplaix. Picture: a solar park in France

For more information

Dhamma Energy

Blanca Díaz

bdiaz@dhammaenergy.com – + 34 91 999 22 71

 Caisse d’Epargne CEPAC

Aline Moreau – Head of Corporate Communication
aline.moreau@cepac.caisse-epargne.fr  – +33(0)664021649

Emilie Spagnolo-Bardin – Manager External Communication
emilie.spagnolobardin@cepac.caisse-epargne.fr – +33(0)684779892

Dhamma Energy expands solar portfolio in Mexico

Dhamma Energy expands solar portfolio in Mexico

Madrid, December 12, 2019.- Solar PV developer Dhamma Energy has secured the environmental permits for three large solar plants in Mexico, with a combined capacity of 554 MWp.

The three projects, located in the central part of the country, now have most of the permits required for their construction and are expected to reach ready-to-build status by mid-2020.

Dhamma Energy is committed to the Mexican solar market, where it currently holds a solar portfolio of 2 GWp of projects at different stages of development.

To date, Dhamma Energy has fully developed solar plants totalling 470 MWp in Mexico, located in the states of San Luis Potosi, Guanajuato, Sonora and Aguascalientes. Most of the projects are expected to come online in 2019 and 2020.

Construction of the 119 MWp Horus solar plant began recently in Aguascalientes. The project was developed by Dhamma Energy and acquired by Canadian Solar. Dhamma Energy originated the project in 2014 and managed the development until the ready-to-build phase.

“We celebrate the advances in our solar portfolio in Mexico and the start of the construction by Canadian Solar of the 119 MWp Horus solar plant, which was developed by Dhamma Energy. We see the fruits of our work in the Mexican market, where we have been active since 2013,” said cofounder of Dhamma Energy Philippe Esposito.

The portfolio and the plants developed by Dhamma Energy correspond to projects that sell the energy produced to private companies or to the market. The Horus project is the only solar plant developed by Dhamma Energy under a public auction scheme in the Mexican market. Public renewable energy auctions took place in Mexico between 2015 and 2017.

“Mexico is already a mature market for renewable energy. Several market mechanisms enable the deployment of renewable energy, such as different PPA structures, electricity sale in the wholesale market and private auctions. We see good potential due to the drop in the price of solar energy, the increase of the demand for electricity and the need to shift to renewable energy,” added Philippe Esposito.

Dhamma Energy, headquartered in Madrid (Spain), develops and operates solar pv projects in Europe, Latin America and Africa. The main markets for the company are currently Mexico, France and Spain.

Credit of the picture: Samuel Duplaix

Picture: a solar park in France

Dhamma Energy begins construction of an 87.5 MWp solar park in France

Dhamma Energy begins construction of an 87.5 MWp solar park in France

Madrid, October 2, 2019.- Dhamma Energy celebrated last week the laying of the foundation stone of the 87.5 MWp Athies-Samoussy park, the largest solar plant in the northern France region of Hauts-de-France.

The ceremony marks the start of the construction of the project located at the former NATO airbase of Laon-Athies. Works have begun in September and will last one year.

“We can be proud to see the birth of a project of such magnitude that is going to participate in the fight against climate change”, said co-founder of Dhamma Energy Philippe Esposito.

Investment for the Athies-Samoussy solar park stands at around 70 million euros. Among the investors in the project are public and private groups.

Record for crowdfunding

The Athies-Samoussy solar park set a record for crowdfunding. The project collected 1.1 million euros through the platform Lendosphere in 25 days last July. This amount is a record for crowdfunding for a solar project awarded at national auctions in France. Only local investors participated in the gathering of funds.

The Athies-Samoussy project was a winner at two national auctions that took place last year in France.

The solar park will cover a surface area of 100 hectares at the former airbase of Laon-Athies and will provide a new use for the site. Yearly electricity production will be 93 GWh; this is the equivalent of the domestic consumption of 40.000 households.

About Dhamma Energy

Dhamma Energy develops, builds and invests in medium and large solar parks and self-consumption installations. To date Dhamma Energy has fully developed 650 MWp of solar projects, most of them located in Mexico and France and currently has a pipeline of over 2 GWp under development in Europe, Latin America and Africa. In Spain, Dhamma Energy has currently 300 MW under development. Dhamma Energy operates solar plants in France and Mauritius.

Renewable energy corporate PPAs grow in Mexico

Mexico leads in renewable energy private PPAs in Latin America and Dhamma Energy is one of the largest solar developers of corporate solar projects in the country.

Renewable energy corporate PPAs keep on growing around the world. According to BNEF, procurement more than doubled last year to 13.4 GW up from 6.1 GW the year before, with the US accounting for more than 60 percent of the total world growth last year.

Corporate procurement is becoming more and more attractive for companies in order to reduce their electricity costs and to have climate friendly supply. Moreover several markets have deployed supportive regulation for corporate projects.

BNEF notes that one of the countries where clean energy corporate PPAs grew last year is Mexico. Indeed Mexico is one of the largest markets for corporate renewable energy in Latin America.

Currently, several hundreds Megawatts of corporate solar parks are under construction in Mexico. Corporate solar parks could reach 1 GW this year and account for around a quarter of the solar parks in the country.

Dhamma Energy is one of the largest developers of corporate solar in Mexico. To date Dhamma Energy has developed and sold 275 MW of corporate solar projects that are expected to go online this year.

According to Asolmex, installed capacity of solar parks reached 2.5 GW last year in Mexico -mainly projects awarded in national auctions and projects with corporate procurement under the regulation before the energy reform.

This year, installed capacity of solar parks under different regulations could reach 4 GW in Mexico.

Dhamma Energy entered the Mexican market in 2013 and over the last years has developed projects under different regulations. Currently, Dhamma Energy holds a pipeline of projects of over 1 GW in Mexico.

Dhamma Energy sells 130 MWp solar park to ENGIE in Mexico

Dhamma Energy sells 130 MWp solar park to ENGIE in Mexico

Madrid, December 11, 2018.- Solar PV developer Dhamma Energy today announced the sale of a 130 MWp solar project located in the northern Mexican state of Sonora to French energy group ENGIE that took place on September 6, 2018. The park, one of the largest corporate solar projects yet to be built in the country, will supply electricity through a long-term corporate power purchase agreement (PPA) awarded to ENGIE by steel producer Gerdau. Dhamma Energy started the project in 2014 and developed it until the ready to build phase. The project is set to be operational by the end of 2019 and Dhamma Energy will provide assistance throughout the construction phase and commissioning of the solar park by ENGIE. Dhamma Energy initially began developing the project under the regulations in force prior to the 2014 Energy Reform and therefore the project will benefit from advantages such as reduced transmission tariffs and the use of the public grid under the energy bank scheme, which allows to use the electricity from the solar park at any time of the day within a period of 12 months. “With this project, to date Dhamma Energy has developed and sold 390 MWp of solar PV that hold PPAs in Mexico and is one of the largest solar developers of projects under corporate schemes in the country” said cofounder of Dhamma Energy Philippe Esposito. “These are projects that are in construction phase.” Mexico is currently one of the main markets for solar plants and a leading market in corporate solar. The country’s favorable regulatory framework for renewable energy has enabled around 2 GWp of solar plants to be been built in Mexico to date, mainly corporate and auction projects, and the total combined capacity is expected to reach 4 GWp in 2019. Dhamma Energy opened a subsidiary in Mexico in 2013. Overall, Dhamma Energy has developed to date in Mexico 470 MWp of solar projects under different regulations and currently holds a pipeline of 1.2 GWp of solar projects. Dhamma Energy was founded in 2007 by Philippe Esposito and Olivier Crambade. The Madrid-based company develops and operates PV projects in Europe, Latin America and Africa. Dhamma Energy is currently developing solar projects in 12 countries. Main markets for Dhamma Energy are Mexico, France, Spain and in certain countries in Africa. In France, 40 MWp of PV projects developed by the company are already operating and close to 100 MWp of solar projects were awarded in recent auctions. In Spain, Dhamma Energy has 150 MWp of solar projects under development. Credit of the picture: Dhamma Energy/Paz Sriphova Picture: a solar park owned by Dhamma Energy in Corsica, France For more information +34 91 781 79 03 bdiaz@dhammaenergy.com
Dhamma Energy to build 87.5 MWp solar park in France

Dhamma Energy to build 87.5 MWp solar park in France

Dhamma Energy was awarded 36.5 MWp in the latest solar energy tender in France. Construction of the project, at a former NATO air base, will begin in 2019.

Madrid, August 10, 2018.- Solar PV developer and operator Dhamma Energy will build one of the largest solar plants in France, an 87.5 MWp project located in the north of the country.

Dhamma Energy was awarded a further 36.5 MWp in the last tender in France, in addition to the 51 MWp awarded to the company for the same project earlier this year.

Construction of the project will begin start in 2019 at the former NATO site of Laon-Athies, in the region of Hauts-de-France. Dhamma Energy will build and operate the solar plant.

“We are very pleased to be among the top winners in the two last solar tenders in France, which were very competitive,” said co-founder of Dhamma Energy Olivier Crambade.

Dhamma Energy started developing this project in 2010 in cooperation with the local communities. The project is located in the municipalities of Samoussy and Athies-sous-Laon.

Dhamma Energy was founded in 2007 by Philippe Esposito and Olivier Crambade. The Madrid-based company develops and operates PV projects in Europe, Latin America and Africa. Dhamma Energy is currently developing solar projects in 12 countries.

France is one of the main markets for Dhamma Energy, where 40 MWp of PV projects developed by the company are already operating.  Further projects, accounting for 100 MWp will be connected to the grid in 2018 and 2019.

In Mexico, Dhamma Energy has a pipeline of over 1 GWp of solar projects, from which 300 MWp already hold all the permits required to begin their construction.

In Spain, Dhamma Energy has 150 MWp of PV projects under development.

Si continuas utilizando este sitio aceptas el uso de cookies. más información

Utilizamos cookies en este sitio web para mejorar su experiencia de usuario.
Al hacer clic en cualquier enlace de este sitio web usted nos está dando su consentimiento para la instalación de las mismas en su navegador. Mas inforamción

Cerrar