Paris, 31 October 2025 - The Baltic Storage Platform (BSP) joint venture - bringing together French independent solar power producer Corsica Sole, Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investment, and Estonia’s leading renewable energy developer Evecon - has successfully secured €85.6 million in financing from the European Bank for Reconstruction and Development (EBRD), Edmond de Rothschild Asset Management, and the Nordic Investment Bank (NIB) for its two battery energy storage projects, Hertz 1 and Hertz 2, located in Estonia.
The two projects are located in Kiisa and Aruküla, both approximately 25 km from Tallinn. With a combined capacity of 200 MW of power and 400 MWh of storage capacity, Hertz 1 and Hertz 2 will form one of the largest battery plants in continental Europe. Both projects are currently under construction and will be fully operational by the end of 2025 and 2026 respectively. These assets will play a critical role in stabilizing the Baltic power system following recent synchronization with the European grid, and in accelerating the phasing-out of fossil fuels.
This groundbreaking transaction represents the first project financing in the Baltic countries that is exclusively structured around the revenues generated by storage assets in the energy arbitrage and ancillary services markets. The private sector’s direct investment in a strategic energy infrastructure offers a concrete response to the Baltic region’s security-of-supply and energy independence challenges.
Astris Finance acted as exclusive financial advisor to Mirova, Corsica Sole and Evecon. This closing is a testimony to our ability to assemble the best mix of funding sources for complex, innovative transactions, and builds on our strong track record in the battery storage sector in Europe.
October 2025 - Astris Finance Congratulates Altano Energy on €81 Million Financial Close for Hybrid Renewable Portfolio in Spain
Madrid, October 2025 – Astris Finance congratulates its client, Altano Energy (“Altano”), for securing an €81 million facility to finance the construction of its multi-technology renewable energy portfolio in Andalucía, Spain.
With an installed capacity of 94 MW across two onshore wind farms and three solar photovoltaic plants, this portfolio represents a significant milestone in the decarbonization of southern Spain as it will produce near base load electricity given the complementarity of solar and wind production in this region of Spain. It is expected to be fully operational in 2027.
The financing was structured with ING acting as Mandated Lead Arranger, Lender, Original Hedging Counterparty, and Green Loan Coordinator. The transaction strengthens Altano's network of financial partners and reaffirms market confidence in its business plan.
Astris Finance acted as exclusive financial advisor to Altano. This landmark deal reinforces Spain’s leadership in innovative hybrid renewable platforms and highlights Astris’ strong track record in advising complex clean energy financings.
October 2025 - Astris Finance Congratulates Enfinity Global on €316 Million Financial Close for Utility-Scale Solar Portfolio in Italy
Madrid / Milan, October 2025 – Astris Finance congratulates its client, Enfinity Global (“Enfinity”), for the raise of a €316 million facility to fund the construction of eight utility-scale solar power plants in Italy. With a total planned capacity of 276 MW, these projects will make a significant contribution to Italy’s energy transition and are expected to be fully operational by the end of 2026.
The solar power plants are strategically distributed across the regions of Emilia Romagna, Basilicata, and Lazio, supporting regional energy security and Italy’s decarbonization targets.
The financing was structured through a club deal with ING, Rabobank, and BNP Paribas acting as Mandated Lead Arrangers, Lenders, Original Hedging Counterparties, and Green Loan Coordinators.
Astris Finance acted as exclusive financial advisor to Enfinity, providing strategic and financial support throughout the transaction, from structuring to successful close. This achievement further consolidates the strong partnership built over the last 3 years between Astris and Enfinity: to date, Astris has advised Enfinity in raising over €800 million of financing for more than 700 MW of solar PV projects in Italy.
August 2025 - Astris Congratulates its Client BRUC for the Refinancing of a €650m Corporate Facility
Madrid, August 2025 – We are pleased to announce the successful closing of the refinancing of BRUC’s €650m corporate debt through a green loan facility provided by Santander, ING, Schroders Capital, Infranity, ICO and BNP Paribas.
This facility replaces the initial financing closed in 2023 and supports BRUC’s 6,600MW clean energy business plan in Spain. The funding enables construction, commissioning and hybridization of solar, wind and battery storage assets.
BRUC currently has 1.96GW of projects in operation, 487MW of projects under construction, and a 4.15GW development pipeline. In the first half of 2025, it produced 1,650GWh of electricity, which met the needs of c. 420,000 households and avoided 477,000 tons of CO₂. This refinancing is another testimony of continued institutional confidence in BRUC’s long term strategy.
Astris acted as financial advisor to BRUC. This closing underscores our ability to craft tailor-made financing solutions for the leading renewable energy developers and confirms Astris's expertise in structuring corporate financings and optimized capital structures.
June 2025 – Astris Finance Advises on the Sale of Project Mainland, a 62 MW Operational Solar PV Portfolio in Spain
Madrid, June 2025 – Astris Finance is pleased to announce the successful closing of Project Mainland, the sale of a 62.1 MWp operational solar photovoltaic portfolio located in Navarra, Spain. Astris Finance acted as exclusive financial advisor to Amarenco Group on the 100% sale of the portfolio to Octopus Energy Generation, one of Europe’s leading renewable energy investors.
The portfolio comprises two plants – Project Guardián (37.2 MWp) and Project Cierzo (24.9 MWp) – both commissioned in October 2024 and currently operating under a fully merchant revenue scheme. The assets were previously financed under a mini-perm structure arranged by Astris Finance in 2023.
With this transaction, Astris Finance further consolidates its position as a leading financial advisor in the Iberian renewable energy market, where the firm is currently advising on multiple mandates across equity and debt transactions.
May 2025 - Astris congratulates its client Losange for the EUR 735m refinancing of its very high-speed broadband concession in northeastern France
Paris, May 2025 – Astris Finance congratulates its client Losange for the successful EUR 735 million refinancing of its very high-speed broadband concession in northeastern France.
In July 2017, Région Grand Est, the regional government for northeastern France, awarded a concession (known as “Délégation de Service Public”) for the design, construction, operation, marketing and financing of a superfast broadband network covering the seven of the region’s ten departments to Losange SAS, a project company owned by Altitude Infrastructure THD (part of the Altitude Infra group, 57%), NGE Fibre (part of NGE group, 22%) and Caisse des Dépôts et Consignations - Banque des Territoires (21%).
On May 27, 2025, Losange closed the refinancing of its initial senior debt package through a innovative, long-term amortizing facility for a total amount of EUR 735 million, composed of a 26-year, fixed-rate bond of EUR 325 million; a 20-year, variable-rate bank loan of EUR 375 million; and a debt service reserve facility of EUR 35 million.
The bond was subscribed by AXA Investment Managers and Allianz Global Investors; while the bank tranche was arranged by Société Générale (who also acted as documentation bank and agent), Arkéa CIB & Crédit Mutuel Arkéa, the BPCE group (BRED Banque Populaire, Caisse d’Epargne Ile-de-France, Caisse d’Epargne Normandie, Caisse Epargne Grand Est Europe and Natixis), the Crédit Agricole group (AUXIFIP, Crédit Agricole Alsace-Vosges, Crédit Agricole de Lorraine and LCL), La Banque Postale and Nord/LB. The same bank group provided an interest rate swap.
Astris acted as exclusive financial advisor to Losange in the structuring and placement of the refinancing.
Florent Nicol, Director at Astris Finance France, said: “the French regulated FTTH sector is slowly evolving into a mature market, with the first concessions reaching refinancing stage and their deployment rate stabilizing. Commercial ramp-up is driven by customer migration from broadband to optical fiber – a trend expected to benefit from the regulatory push for the complete switch-off of copper lines by 2030 as per the Plan France Très Haut Débit. This favorable context, coupled with the quality of the Losange asset, allowed us to optimize the capital structure with a long-dated, dual bank-bond tranche – tailor made to the appetite of the two liquidity buckets in terms of maturity and pre-payment risk.”
This landmark refinancing is a testimony to Astris’s positioning as market leader in debt advisory across the full spectrum of infrastructure and energy sectors. It is also an additional milestone in our longstanding collaboration with the Losange shareholders.
April 2025 - Astris advises Technique Solaire in the successful raise of a €302m landmark pan-European greenfield financing.
Paris, April 2025. Astris advises Technique Solaire in the successful raise of a €302m landmark pan-European greenfield financing.
Astris Finance congratulates Technique Solaire, a leading independent renewable energy producer, for the raise of a €302m landmark pan-European greenfield long-term debt facility to finance the construction of a portfolio of 341 assets, with an aggregate capacity of 240 MW across France, Spain and Netherlands. The innovative asset mix in the portfolio - multiple jurisdictions, PV technologies, and offtake strategies - attracted very strong market support. This financing is the largest secured by Technique Solaire to date.
The portfolio illustrates Technique Solaire’s unique multi-product expertise in the PV field: agricultural sheds, climate shelters, pheasant breeding rooftops, greenhouses, ground-based and floating projects. A majority of the portfolio’s revenue stream comes from regulated tariffs. The portfolio will be commissioned between 2025 and 2027.
The transaction was arranged by Société Générale, Crédit Agricole Transitions et Energies, and BPI France.
Astris acted as exclusive financial advisor to Technique Solaire, achieving a very tight timeline of less than 4 months from structuring to financial close. This transaction is another landmark financing credential for Astris in the European solar PV markets – our 20th in the past 24 months.
February 2025 - Astris Finance Advises on the Sale of Project El Fenazar, a 30 MW Solar PV Asset in Spain
Madrid, February 2025 – Astris Finance is pleased to announce the successful closing of the project El Fenazar, a 30 MW solar photovoltaic (PV) asset located in Murcia, Spain, which has been acquired by GS Inima, a global leader in environmental services specializing in the integral water and energy cycle. The transaction was completed in December 2024.
The project, developed to Ready-to-Build (RtB) status, will integrate bifacial modules and solar tracking technology, optimizing energy generation to reach an expected 60,000 MWh per year, equivalent to the consumption of more than 5,500 households. With all permits obtained, construction is set to commence in Q4 2025 and is expected to be completed within two years, with commissioning planned for 2027.
After a period of slower development due to permitting challenges, low energy prices, and high financing costs, Spain’s renewable energy sector is showing signs of recovery. Investor appetite is strengthening, particularly for high-quality, shovel-ready assets, as European decarbonization targets and improving market conditions help restore confidence. The increasing availability of financing for mature projects and a renewed focus on grid capacity improvements are further supporting this positive momentum.
Astris Finance acted as exclusive financial advisor to the seller, a leading European private equity firm specialized in the energy transition, with over 25 years of experience in the renewable energy sector and a strong presence across Europe with more than €6.3 billion of assets under management. This transaction further strengthens Astris Finance’s track record in Spain’s renewable energy sector, where the firm is currently advising on 8 equity and financing transactions.
January 2025 - Astris Congratulates its Client Greenalia for the Closing of a €97m Renewable Energy Financing in Spain
Madrid, January 2025 – We are pleased to announce the successful closing of the Greenalia Power Spain financing, in which we assisted Greenalia S.A., a 100% renewable energy producer, in securing €97 million funding from Macquarie Asset Management. The transaction confirms Greenalia's strong commitment to clean energy and reinforces its position as a leading independent power producer in the renewable sector.
This structured corporate financing will contribute to the expansion and optimization of Greenalia’s current renewable energy development pipeline of 15.5GW, enabling further investments in onshore wind, biomass, solar photovoltaïc, and storage projects.
The funding is provided by Macquarie Asset Management and its structure aligns with Greenalia’s strategy of leveraging long-term, sustainable capital to accelerate the development of its pipeline across key markets.
Astris acted as exclusive financial advisor to Greenalia. This closing underscores our ability to craft tailor-made financing solutions for the leading renewable energy developers and confirms Astris's expertise in structuring corporate financings and optimized capital structures.
January 2025 - Astris hires Managing Director in Germany
Munich, Germany – January 13, 2025. Astris Finance hires Managing Director in Germany to cover Europe’s largest renewable energy market and wider DACH region (Germany, Austria and Switzerland).
Astris Finance, the leading independent financial advisory firm specialized in energy transition, has been increasingly active in Western Europe since it opened its Paris office ten years ago and its Madrid office five years ago. In the European renewable sector, Astris has managed more than 150 transactions, both in the debt financing space where the firm has raised in excess of € 10bn of senior, mezzanine and Topco debt, and in the M&A space where the firm has managed c. 70 processes across ten European countries. A key differentiating success factor of Astris is the holistic advisory approach across the whole capital structure combined with deep sector knowledge and the understanding of local markets. For the past three years, we have ranked #1 in the IJ Global League Tables for European Renewable Energy Financial Advisory by number of deals closed.
Among the recent transactions closed by Astris in Germany is the c. € 150m senior debt raise for the Bartow solar project developed by leading German renewables player Encavis (now owned by a KKR-led consortium) - a 260 MWp project located about 150 kilometers north of Berlin in the state of Mecklenburg-Vorpommern, the second largest PV facility in Germany. The project will sell the bulk of its output to LyondellBasell through a 12-year power purchase agreement (PPA).
Germany has become a strategic priority for Astris: The German economy is the single largest power consumer and deepest renewables market in Europe, and the amended Climate Change Act of June 2021 set a net zero objective for year 2045. This will require massive investments in renewables, flexible generation (e.g. storage, hydrogen) and grid infrastructure. An estimated € 700bn investment is expected to be made in the years leading up to 2030.
In this context, Astris is setting up a full-fledged team on the ground. Our effort will be led by Arnaud Germain, who heads our European operations, and Dennis Schröder, the newly appointed Managing Director of our Munich office overseeing the DACH region. Dennis joins Astris from BNP Paribas where he led the Power & Utilities, Renewables sector team for the DACH region as Managing Director for the past two years. Prior to this, he spent three years as Senior Banker with the Energy & Utilities team of UniCredit, five years as Head of Energy for Germany with SEB, and seven years at RBS as a senior member of the Power & Utilities sector team for DACH and CEE. He started his career working for Deutsche Bank. Overall, he has a background of 20+ years in investment banking, including 15 years with a special focus on the Power & Renewables sector. He has executed transactions representing over € 10bn in cumulative investment in the energy transition space.
Fabrice Henry, CEO of Astris, explains: “We are very excited to welcome Dennis and expand our team out of Munich. This is a key step in the implementation of our ambitious European strategy at a time when Energy Transition is a top-priority public policy agenda – in terms of sovereignty, environmental and social sustainability, as well as economic competitiveness. Our German presence will help us consolidate our position as a leading independent advisor in the Energy Transition space in Europe and globally.”
Dennis Schröder, Managing Director and Head of Germany and DACH said: “The German energy transition has made good progress with regards to the decarbonization of power generation by significantly expanding renewable energy – but there is still much to do to develop an integrated sustainable generation mix and a power grid capable of handling the volatility of renewables especially in extreme ‘Dunkelflaute’ scenarios (prolonged absence of wind and sun). As regards the renewables market, we are seeing older projects exiting the guaranteed revenue regime established by the Renewable Energy Act (EEG) of 2000 – to the tune of 3 to 5 GW per year. These projects will need to craft new revenue schemes, by participating in renewable auctions following a repowering, sourcing a corporate PPA, or simply selling in the spot market. On the other hand, the massive investment program ahead – with a target in excess of 10 GW of new generation and in excess of 5 GW of BESS per year until 2030 – is likely to create a need for capital structure optimization and asset rotation for German developers; it will also require the injection of fresh liquidity by new investors at a competitive cost. In this dynamic market context, we are confident we will be able to use our deep experience in renewable markets globally combined with our holistic approach to help create value for our clients – both strategics and financials.”
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.
December 2024 - Astris Finance Congratulates its Client CVE Biogaz for the Closing of a EUR 70m Capital Raise
Paris, December 2024 - Astris Finance congratulates its client CVE Biogaz, a subsidiary of the independent renewable energy producer CVE and a major player in the recovery of organic matter and anaerobic digestion in France, for the closing of a capital raise whereby BNP Paribas Asset Management's Low Carbon Transition Infrastructure Equity Fund (“BNPP AM”) will invest EUR 70m. It will enable CVE Biogaz to accelerate its development and strengthen its position in the biogas market in Europe.
The investment by BNPP AM follows that of Swen Capital Partners, which had injected EUR 40m in CVE Biogaz between 2021 and 2023. It underlines the confidence of institutional investors in the potential of biogas to accelerate the energy transition and strengthen the circular economy.
Hervé Lucas, co-founder of CVE stated: “This transaction, achieved with the very valuable support of Astris, will allow us to continue our development. We want to actively contribute to the ambitions of the French biogas sector, which aims at increasing the share of renewable and low-carbon gas to 20% of our national consumption by 2030, from 2% today”.
Arnaud Germain, who heads Astris’s operations in Europe, said: “We want to thank CVE for their trust in Astris Finance’s capacity to help them close such an important transaction for the development plan of CVE Biogaz. We are very proud to have successfully advised to design and setup this capital raise with a strong partner such as BNPP AM.”
Astris acted as exclusive financial advisor to CVE Biogaz. This landmark transaction further reinforces the relationship between Astris and CVE, and is also a testimony to Astris’s ability to work on a wide array of sectors related to energy transition.
December 2024 - Astris Finance congratulates its client Enfinity Global on the successful financing of a 147 MW solar portfolio in Italy
Madrid, December 2024 - We are very pleased to announce a new closing with Enfinity Global, the US-based leading renewable energy and sustainability services company, for the construction of a 147 MWp solar portfolio in Italy.
The portfolio is made of three projects located in the Lazio region. The senior debt, provided by Rabobank and ING Italia, has been raised at AssetCo level and totals EUR 165m, including ancillary facilities.
Astris acted as exclusive financial advisor to Enfinity Global. This transaction is our fourth collaboration with Enfinity Global in Italy, which further strengthens Astris's advisory franchise in the Italian renewable market.
We would like to thank all the parties involved and particularly our client Enfinity Global for their trust in Astris Finance.
November 2024 - Astris congratulates its client VALOREM for the successful EUR 200m refinancing of a 143MW portfolio located in France
Paris, November 2024 – Astris Finance congratulates VALOREM Group (“VALOREM”), a leading independent renewable energy producer, for the refinancing of a portfolio of solar and wind assets, totaling an installed capacity of 143 MW (the “Portfolio”).
The Portfolio consists of 12 photovoltaic solar farms and 8 onshore wind farms, spread over the whole of mainland France, with a concentration of plants in the north and south of the country. In operation for approximately three years, these assets benefit from significant operational track-record and production potential for many years to come.
This refinancing, structured around a new senior debt of nearly €200 million, allows VALOREM to consolidate its financial structure, repay the loans raised following the CRE solar tenders and free up resources for its ambitious development.
The portfolio revenues are supported by long term Contracts for Difference (“CfD”) with EDF for the wind assets and some PV assets, while the rest of solar PV assets have secured corporate PPAs.
The transaction was arranged by Société Générale, the Crédit Agricole Group (Crédit Agricole CIB, Crédit Agricole Transitions Et Energies and Crédit Agricole Languedoc), BPCE Energeco, Auxifip, Crédit Lyonnais and Natixis.
Astris acted as exclusive financial advisor to VALOREM. This refinancing comes on the heels of the €550m capital operation closed by VALOREM in October 2024 on which Astris acted as co-advisor. It is an additional milestone in our longstanding collaboration with VALOREM and another refinancing credential in the European renewable energy markets.
October 2024 - Astris congratulates its client TSE for successfully raising a 65m€ financing from Eiffel Investment Group
Paris, October 2024 - Astris Finance congratulates its client TSE for successfully raising a 65m€ financing from Eiffel Investment Group.
After raising €130 million in equity from Eurazeo, Crédit Agricole and Bpifrance in 2023, TSE, a leading French solar energy producer and developer, has further strengthened its financing structure by issuing a €65 million bond subscribed by a fund managed by the Eiffel Investment Group.
Bond proceeds will finance the investments made by TSE in new solar photovoltaic power plants, for a cumulative capacity of around 800 MW -- the annual consumption of 450,000 inhabitants.
Astris acted as exclusive financial advisor to TSE on three financing transactions this year. This is a testimony to Astris’s premier position in the European solar PV financing sector and another milestone in our fruitful collaboration with TSE.
October 2024 - Astris advises VALOREM in connection with the sale of a minority stake and a capital raise for a total amount of € 550m
Paris, October 2024. Astris advises VALOREM in connection with the sale of a minority stake and a capital raise for a total amount of € 550m.
Astris Finance congratulates its client VALOREM, an independent French renewable energy developer, who received a firm offer to acquire the stake of 3i Infrastructure fund who entered in VALOREM’s capital 8 years ago. This offer comes from a consortium made up of AIP Management, a Nordic-based investment manager focused on renewable energy and IDIA, Credit Agricole Group’s private equity subsidiary. GSO and IRDI – 2 regional investment funds -, already present in VALOREM’s capital, are taking advantage of the transaction to renew their trust in the firm and its business, alongside Bpifrance.
Over the past 8 years, VALOREM has managed to multiply by 5 its installed capacity and expects to produce 1.5 TWh in 2024; it has developed its international footprint, and its pipeline has reached 6.6 GW.
This capital raise will allow VALOREM to strengthen its development and confirm its positioning as one of the last independent French IPPs in the sector.
The transaction closing is expected in the first quarter of 2025, following the completion of the information and consultation procedure with VALOREM's representative bodies and the obtaining of the necessary regulatory approvals.
Jean-Yves GRANDIDIER, Chairman and Founder of VALOREM, and Pierre GIRARD, Chairman of the Supervisory Board, said: "Our new partners are fully in line with our values and our vision of the development of green energy and this new chapter will enable the Group to pursue its development ambitions and accelerate the energy transition. We are delighted of the way this transaction was handled and would like to thank the Astris team for the instrumental role they played all along the process".
This landmark transaction is another testimony of Astris’s exceptional positioning in the M&A renewable space in Europe. Astris acted as financial co-advisor to VALOREM, alongside BNP Paribas and Lazard.
July 2024 - Astris Advises Amarenco in Setting Up a Strategic Partnership with Banque des Territoires
Paris, July 2024 - Astris Finance congratulates its client Amarenco, a leading, Irish-based solar IPP, for the closing of a long-term partnership agreement with Banque des Territoires, the investment arm of the French State-owned Caisse des Dépôts.
The partnership consists in setting up a joint investment platform named "Valorix Green", owned 51% by Amarenco and 49% by Banque des Territoires. Valorix Green‘s objective is to finance solar projects located in France – both ground-mounted and rooftop, which will represent by 2028 an annual production of more than 730 GWh – i.e. the yearly electricity consumption of c. 300,000 urban dwellers.
Astris acted as exclusive financial advisor to Amarenco.
This closing is another milestone in our longstanding collaboration with Amarenco – whom we currently advise on 3 other mandates - and a testimony of Astris’s premier position in the European renewable sector, where we have closed 6 similar “AssetCo” transactions totaling 8 GW+ of solar and wind projects.
July 2024 - Astris Congratulates its Client Encavis Asset Management AG for the Successful Greenfield Financing of the Second Largest Solar Park in Germany
Paris, July 2024 - Astris Finance Congratulates its Client Encavis Asset Management AG for the Successful Greenfield Financing of the Second Largest Solar Park in Germany.
Encavis Asset Management AG (“Encavis AM”) has reached financial close for the Bartow solar project. With a generation capacity of 260 MWp, this will be the second largest facility of its kind in Germany. The project is located about 150 kilometers north of Berlin in the municipality of Bartow (state of Mecklenburg-Vorpommern).
The debt of c. 145 million euros has been provided by Commerzbank, and the equity by Encavis Infrastructure Fund IV (EIF IV), a fund primarily aimed at savings banks and cooperative banks. The construction of the first phase began in March 2024, and completion of the entire project is planned for the second half of 2025. The bulk of the green electricity produced will be sold to LyondellBasell through a 12-year power purchase agreement (PPA).
Elisabeth Rabe, Team Lead Investment Structuring at Encavis AM, commented: “We are proud to have launched this major solar project in Germany, which will greatly contribute to the country’s energy transition and further strengthen our position as a leading player in the field of renewable energy. We extend our gratitude to our financial advisor, Astris, for their valuable support in this transaction.”
”We are very pleased we advised Encavis AM in connection with the financing of this landmark solar PV project in Germany. The transaction shows the attractiveness of greenfield solar PV assets in Germany, benefitting from a strong corporate PPA framework.” said Arnaud Germain, Astris's partner in charge of France and Germany.
This is the fourth successful closing for Astris in Germany over the last 24 months.
Astris acted as exclusive financial advisor to Encavis AM.
June 2024 - Astris congratulates its client Urbasolar for the successful closing of a EUR 82m greenfield debt financing of a portfolio of French PV assets
Paris, June 2024 - Astris Finance congratulates its client Urbasolar, the leading French solar power producer owned by Swiss utility Axpo, for the successful closing of a EUR 82m greenfield debt financing of a portfolio of French PV assets.
Project Persei comprises a 86 MWp portfolio of solar assets located in various French regions, featuring mostly 20-year CfD contracts. All these assets are owned 100% by Urbasolar and are expected to be built by the end of 2025. Once operational, the solar plants will generate an annual electricity production of 105 GWh, which is equivalent to the consumption of 22,000 households.
The transaction was arranged and fully subscribed by BPI France, Crédit Agricole Transitions & Energies and Caisse Régionale de Crédit Agricole du Languedoc.
This transaction marks our sixth successful closing with Urbasolar in the past five years.
Astris Finance acted as exclusive financial advisor to Urbasolar.
June 2024 - Astris advises Ardian in connection with its acquisition of a majority stake in UNITe, a French independent renewable energy developer and producer
Paris, June 2024. Astris advises Ardian in connection with its acquisition of a majority stake in UNITe, a French independent renewable energy developer and producer.
Astris Finance congratulates its client Ardian, one of the world's leading private equity firms, who has now become the largest shareholder of UNITe, through its Clean Energy Evergreen Fund (ACEEF). This investment strengthens Ardian's renewable energy portfolio in the areas of hydropower, photovoltaic and wind energy. Omnes and Bpifrance who invested in 2018, and Société Générale Capital Partenaires who invested in 2010, have agreed to sell their stake in UNITe to Ardian after successfully achieving the objective of consolidating UNITe as an independent power producer and developer.
UNITe – Hydrowatt (UNITe) group is the leading independent player in small hydropower in France, with 36 power plants, and one of the most promising photovoltaic developers with projects in France with a total capacity of 1.5 GWp expected in the coming years. Ardian's long-term support will allow UNITe to accelerate the implementation of its renewable energy growth strategy.
"The addition of UNITe to Ardian's portfolio is an exceptional opportunity. We are delighted to partner with this historic family business and support the management team in its ambitious growth plan. We would also like to thank the Astris team for the instrumental role they played all along the transaction." Benjamin Kennedy, Managing Director Renewables Infrastructure, Ardian.
This transaction strengthens Astris’s position in the M&A renewable sector in Europe, where it is currently working on 11 live transactions.
Astris acted as exclusive financial advisor to Ardian.