Yesterday, we announced a partnership with BlueWatt to develop 50MW of large rooftop solar power projects across France.
The quality of BlueWatt's team and their approach to the business were key reasons for pairing up. Their development team knows the rooftop leasing market from their experience in cellular antenna site acquisition--and they're complemented by a team with experience in energy, project management, environmental, and regulatory agencies.
BlueWatt's strategy is to focus initially on large industrial warehouse rooftops as solar sites. In France as in the US, large rooftop projects will not face the same land use and environmental issues that large ground-mounted projects do. Plus they're located on the existing electrical grid so no new transmission is required for projects to reach operating status. That means these projects can be developed quickly and in large volume.
We're excited about the market opportunity in France and look forward to working jointly with our new partner as we expand our European portfolio.