Paris, June 2023 - Astris Finance congratulates its client Générale du Solaire (“GdS”), a leading French independent solar power producer (IPP) for the signing of a long-term partnership agreement (the “Partnership”) with Banque des Territoires, the investment arm of the State-owned banking group Caisse des Dépôts.
In its first phase, the Partnership consists of the acquisition by Banque des Territoires of a 49% stake in a platform of 83 solar assets located in France, representing a cumulative capacity of approximately 270 MWp. It will then be fed by new solar projects developed by GdS, with the objective to finance 1 GW of solar projects over the next 5 years in France, representing the annual consumption of 300,000 homes. This partnership allows GdS to strengthen its investment capacity and accelerate its development in a very dynamic sector, while maintaining its independence and act for the quick deployment of solar energy in France.
"This partnership with Banque des Territoires is an important step in the young life of Générale du Solaire and a great recognition of our development model. I would like to thank Astris Finance teams for their very valuable advice along the transaction" says Daniel Bour, GdS’ Chairman.
Arnaud Germain, co-head of Europe at Astris, said: “This project is a great achievement for our client. We are happy we played an instrumental role in the design and implementation of this partnership. We would like to thank Daniel Bour and his team for their trust.”
Astris acted as exclusive financial advisor to Générale du Solaire. This landmark transaction further demonstrates Astris’s premier position in the European renewable M&A sector, where we have closed 10 transactions over the last 12 months.
June 2023 - Astris Advises Générale du Solaire in Setting Up a Strategic Partnership with Banque des Territoires