Monaco Invests in Renewable Energies

Monaco Renewable Energies’s first wind-power investment

To support Monaco’s transition to a carbon-free society by 2050, the Prince’s Government and the Société Monégasque de l’Electricité et du Gaz (SMEG) combined their skills 3 years ago by creating the company Monaco Renewable Energies (M.E.R.) with the objective for Monaco to have 100% green electricity production capacities equivalent to the territory’s consumption. In order to best cover the Principality’s consumption curve, a target mix of technologies has been defined by the Prince’s Government, between photovoltaic, wind and hydraulic power.

Wind power, a wise choice and complementary to photovoltaic

M.E.R has just acquired three projects developed by ABO Wind. This partnership with one of the world references in wind power development has enabled the construction of three wind farms (comprising between 2 and 4 wind turbines per project), including two in Charente and one in the Côtes d´Armor department.

The selected wind turbines are from Vestasand Nordex, two leading manufacturers, for unit powers between 2 and 2.5 MW, and heights between 145 and 160 m high.

Built in favorable areas with suitable wind regimes, these wind turbines will provide cumulative annual production of 57 GWh per year, that is to say, 10% of the Principality’s electricity consumption.

In addition to the photovoltaic parks which only produce during the day and with a production peak around midday consistent with the peak in electricity consumption in the Principality linked to air conditioning, wind power plants will thus be able to provide coverage of the “basic” consumption of territory, especially at night.

M.E.R, a green park of assets covering a total of 25% of the Principality’s electricity supply

The construction of the wind park will be completed in the coming months, and the wind turbines should be connected to the French public grid and then inaugurated between December 2020 and June 2021.

With 10 photovoltaic parks and newly 3 wind turbines, M.E.R. secured the takeover of 75 MW of renewable energy, that is to say25% of the Principality’s consumption.

« 2020 will remain a key year in the development of our strategy and constitutes an important step towards energy independence for the Principality. These new wind parks will allow M.E.R to respect its growth trajectory, with the intermediate ambition of covering 50% of our electricity consumption by 2025 ».

Samy Touati, Chairman at Monaco Energies Renouvelables

Source: Communication Department of the Princely Government of the Principality of Monaco

Post Author: Wealth Monaco