France based solar projects developer and module manufacturer Reden Solar is expanding its annual production capacity by 200 MW with a new manufacturing line to add to 65 MW capacity it already operates at its headquarters in Roquefort.
A Spanish supplier will deliver and install the new manufacturing line to the company. It will enable Reden to roll out 300,000 solar modules annually starting from 2024.
Reden said it plans to use these new modules mainly for agrivoltaic projects the company is developing and also for the maintenance of its existing power plants.
Operational since 2009, the 65 MW line is fast becoming outdated hence the company saw the need to update itself as its main business model is to produce and sell green electricity.
"In a market as dynamic as photovoltaics, our production line would now have quickly become obsolete. We were therefore faced with two alternatives: strengthen our expertise by investing in a new generation industrial tool, or soon close the plant," said Reden President Thierry Carcel.
Reden says 100% of modules of its power plants in France are recycled by its partner Soren in Nouvelle-Aquitaine in France, recovering 95% of the components.
Macquarie Asset Management led consortium agreed to acquire Reden from InfraVia Capital Partners and Eurazeo in March 2022 (see Macquarie Invests In Reden Solar).
Earlier this year, a new startup Carbon said it will host its 1st solar Gigafactory in France with n-type technology to produce 5 GW cells and 3.5 GW modules annually (see France To Host Integrated Solar Gigafactory).