Axpo subsidiary to build 37 new solar plants in France.

Swiss utility Axpo Holding AG said recently its subsidiary Urbasolar would build 37 new solar plants in France.

The plants will be mostly built in southern France and have a combined installed capacity of 143 megawatts, which is enough to cover the annual power consumption of 65,000 households.

The cost of 124 million euros ($144 million) will be financed by French bank Credit Agricole, its subsidiary Unifergie which specialises in renewable energy projects, and various regional banks, Axpo said in a statement.

The first plants have already been completed and connected to the grid recently, the firm added.

ET