Paris, May 2023 - We are pleased to announce the closing of the Falcon project in which we assisted Q ENERGY France (ex RES France), a French leading developer fully owned by the Korean conglomerate Hanwha, in the EUR 96m financing of a 73MW solar PV and wind portfolio composed of 4 projects located in France.

Three assets are benefiting from 20y CfDs with EDF and one solar PV plant has secured a 15y corporate PPA. Two projects reached COD in the course of 2022, while the two remaining assets will be commissioned by Q1 2024. Some assets of the portfolio are eligible for the emergency measures announced by the French government last summer.

The EUR 96m facilities were provided by Credit Agricole Unifergie as sole lender.

Astris Finance acted as exclusive financial advisor to Q ENERGY France in the structuring of the transaction until financial close, the whole process having been completed within a record timeframe of less than 3 months.