Astris Finance is pleased to announce the closing of the Griffin transaction, a 90 m€ share capital increase in Terres d’Energie, an investment vehicle jointly owned by Tenergie Group and Credit Agricole Pyrénées Gascogne, fully subscribed by La Banque des Territoires. Astris Finance acted as exclusive financial advisor to the sponsors on this transaction.
As of today, Terres d’Energies consolidates over 851 solar PV and wind assets in operation representing c.490 MW of installed capacity. Terres d’Energies is the largest vehicle of French brownfield solar PV assets in operation.
Astris is proud to have advised Tenergie Group and Credit Agricole Pyrénées Gascogne on this landmark transaction, which concludes a sequence initiated with the raising of the largest solar refinancing to date in France in July 2019, the Phoenix V transaction, and followed by the structuring of a up to 90 m€ holdco financing brought by Blackrock in December 2019.
Over the past 4 years, Astris Finance has raised over 4 bn € of project finance debt and executed 12 large scale M&A transactions for a total enterprise value of c.7 bn € in the European renewable energy space.