December 2024 - Astris Congratulates its Client TSE for the Closing of a 100m€ Greenfield Solar PV Financing in France

Paris, December 2024 - We are pleased to announce the closing of the Aphaia Finance 2 transaction in which we assisted TSE, a leading French solar developer, in the 100m€ financing of a 120 MW portfolio of seven ground-mounted PV assets located in France.

This transaction follows the successful Aphaia Finance 1 closing completed in May 2024, and is the second financing for the 1.6 GW Aphaia platform. TSE launched the Aphaia platform in 2021 – with Astris acting as financial advisor – as a strategic partnership with Banques des Territoires and Credit Mutuel Impact, to finance the growth of TSE’s ground-mounted solar PV activities.

The Aphaia Finance 2 portfolio revenues come from a combination of  20-year Contracts for Difference (“CfD”) with EDF and a corporate PPAs secured with Albéa, a global leader in perfume and cosmetic packaging.

The transaction was arranged by Caisse d’Epargne CEPAC and Crédit Agricole Transitions & Energies.

Astris acted as exclusive financial advisor to TSE. This financing is another milestone in our longstanding collaboration with TSE and an additional greenfield solar PV financing credential in Europe.