Astris Finance is pleased to announce the closing by Hanau Investissement of the refinancing of a 24MWp fully operational solar PV portfolio located in France.

The PV assets composing the portfolio had been initially financed through separate project finance facilities. The refinancing allowed the Sponsor to extend the maturity, lower debt service coverage ratios, replace the existing DSRA by a DSRF and reduce significantly the financing cost.

The transaction was closed in a short time-frame despite an economic and working environment deeply troubled by the Covid crisis. BPI and Natixis Energeco acted as Mandated Lead Arrangers.

Astris Finance acted as the exclusive financial advisor to Hanau Investissements in the structuring and raising of the € 50m facility.