December 2020 - We are very pleased to announce the financial closing of project Atlas, in which Astris advised Urbasolar in connection with the financing of 40 solar assets in France, totaling an installed capacity of c. 260 MW.

This portfolio of 40 assets is composed of a mix of ground-mounted, shade house, rooftop and floating structures. Each asset will enter into a 20-year CfD or FiT contract with EDF OA and will benefit from a price bonus due to the involvement of crowdfunding investors.

BPI France, CEPAC and La Banque Postale provided the 250 M€ senior financing facilities.

Most of these projects were developed in partnership with French local authorities and private stakeholders who are very sensitive to the impact of renewable energies on climate transition. The projects are expected to produce 310 GWh of green energy, i.e. the equivalent of the annual consumption of 66.000 households.

Astris acted as exclusive financial advisor to Urbasolar on this transaction.

Since the beginning of the year, Astris Finance has been advising on greenfield renewable projects in Europe for an aggregate project finance debt of c. 1 bn€ and a total new solar, wind or hydro assets of over one hundred.