Paris, December 2023 - Astris Finance congratulates its client VALOREM, a leading French independent renewable energy producer, for the closing of a long-term partnership agreement with Banque des Territoires, the investment arm of State-owned Caisse des Dépôts.

The partnership consists in setting up a joint investment platform named "Calypso", owned 51% by VALOREM and 49% by Banque des Territoires. Calypso‘s initial objective is to invest in a 500 MW portfolio of solar and wind power assets in France by 2027, representing an annual production of more than 1.1 TWh – i.e., the yearly electricity consumption of c. 500,000 urban dwellers.

Arnaud Germain, co-head of Europe at Astris, said: “This project is a great achievement for our client VALOREM, completed just before year-end! We would like to thank VALOREM’s CEO Jean-Yves Grandidier and his team for their continuing trust in Astris.”

Astris acted as exclusive financial advisor to VALOREM. This landmark transaction further demonstrates Astris’s premier position in the European renewable sector, where we have closed 5 similar AssetCo transactions totaling 7 GW+ of solar and wind projects.