Astris Finance advised Engie Solar and Caisse des Dépôts (together the “Sponsors”) in connection with the refinancing (the “Refinancing”) of a portfolio of operating PV assets located in Corsica (the “Portfolio”), originally developed by SolaireDirect. The Portfolio has a total installed capacity of 13.1 MWp, spread over 3 ground-mounted power plants.

The € 67 m facility was led by la Banque Postale and BPI France acting as co-Mandated Lead Arrangers.

The Sponsors took advantage of the attractive market conditions and of the Portfolio’s outstanding operational track record to refinance its existing debt. The refinancing allowed the Sponsors to extend the maturity, lower debt service coverage ratios and reduce financing cost.

Astris Finance acted as exclusive financial advisor to the Sponsors for the raising of the € 67 m facility. Astris is currently mandated on several similar refinancing transactions in Europe for solar and wind power plant portfolios.