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Akuo Energy and Voltalia have initiated renewable energy projects in New Caledonia and French Guiana. New Caledonia aims for a 75% reduction in greenhouse gas emissions by 2035, particularly in its nickel mining sector, with a goal to replace half of fossil fuel energy at metallurgical sites with renewables.

The project, costing around CFP9 billion (US$82 million), was awarded to Akuo in August 2023 after a proposal call by the local agency. Financing involves a public-private partnership with several financial institutions.

Indigenous communities also have stakes in the project. Meanwhile, Voltalia has started site preparation for a solar-plus-storage project in French Guiana, featuring 43MW of solar PV and 43MW/135MWh of battery storage, with commissioning expected in 2028.