Paris, November 2024 – Astris Finance congratulates VALOREM Group (“VALOREM”), a leading independent renewable energy producer, for the refinancing of a portfolio of solar and wind assets, totaling an installed capacity of 143 MW (the “Portfolio”).

The Portfolio consists of 12 photovoltaic solar farms and 8 onshore wind farms, spread over the whole of mainland France, with a concentration of plants in the north and south of the country. In operation for approximately three years, these assets benefit from significant operational track-record and production potential for many years to come.

This refinancing, structured around a new senior debt of nearly €200 million, allows VALOREM to consolidate its financial structure, repay the loans raised following the CRE solar tenders and free up resources for its ambitious development.

The portfolio revenues are supported by long term Contracts for Difference (“CfD”) with EDF for the wind assets and some PV assets, while the rest of solar PV assets have secured corporate PPAs.

The transaction was arranged by Société Générale, the Crédit Agricole Group (Crédit Agricole CIB, Crédit Agricole Transitions Et Energies and Crédit Agricole Languedoc), BPCE Energeco, Auxifip, Crédit Lyonnais and Natixis.

Astris acted as exclusive financial advisor to VALOREM. This refinancing comes on the heels of the €550m capital operation closed by VALOREM in October 2024 on which Astris acted as co-advisor. It is an additional milestone in our longstanding collaboration with VALOREM and another refinancing credential in the European renewable energy markets.