Technique Solaire backs French PV portfolio with EUR 111 MILLION in senior debt

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  • Technique Solaire has set up €111 million fund through 3 senior financing operations
  • This is the largest senior debt transaction ever put in place by Technique Solaire Group
  • This large-scale transaction will enable the Group to continue its development under the best possible conditions

Technique Solaire, has set up a long-term financing transaction for a total amount of 111 Million EUR through a banking consortium comprised of Unifergie and Crédit Agricole de la Touraine et du Poitou.

This transaction includes two Brownfield tranches (refinancing of 120 existing power plants), of respectively EUR 16 and 19 million and a Greenfield tranche of EUR 76 million.

The Greenfield tranche provides financing for a portfolio of projects representing a capacity of 54 MWp which will be added to the Group’s portfolio of (i) 81 MWp that are already in operation and (ii) 35 MWp that are already under construction. Thus, the Group’s total operating portfolio should rapidly reach 170 MWp.

This forthcoming 110% increase in the installed capacity reflects the change in the growth rate currently being implemented by the Group. This portfolio of 54 MWp represents all of the Technique Solaire projects which were awarded a tariff mechanism under the French Energy Regulatory Commission (CRE) 4.5, 4.6, 4.7, and 4.8 tenders, launched by the Ministry of Ecological and Solidarity Transition.

This major “portfolio” financing transaction demonstrates the Group’s ability to carry out large and complex financial transactions, with optimal financing terms that provide excellent conditions for its development.

Also, Technique Solaire Group continues to play its role in the fight against global warming and to fulfil its objectives to be a player in the energy transition, to participate in the development of farms through the financing of projects (greenhouses, storage sheds, breeding sheds, etc.) and by contributing to regional development.

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