October 2023 - Astris congratulates its client Urbasolar, the leading French solar power producer owned by Swiss utility Axpo, for the successful closing of a c. EUR 140m greenfield debt financing

October 2023 - Astris Finance congratulates its client Urbasolar, the leading French solar power producer owned by Swiss utility Axpo, for the successful closing of a c. EUR 140m greenfield debt financing.

Project Galilée comprises a c. 170 MWp portfolio of solar assets in France, featuring either 20-year CfD contracts or 15-year CPPA contracts. All these assets are owned 100% by Urbasolar and are still under construction.
 
The signing of the financing facilities occurred in June 2023.

This transaction, on which Astris Finance acted as exclusive financial advisor, marks our fifth successful closing with Urbasolar in the past four years. Additionally, we are currently advising Urbasolar on transactions located in France, Poland, Spain, and the Dominican Republic.