June 2024 - Astris congratulates its client Urbasolar for the successful closing of a EUR 82m greenfield debt financing of a portfolio of French PV assets

Paris, June 2024 - Astris Finance congratulates its client Urbasolar, the leading French solar power producer owned by Swiss utility Axpo, for the successful closing of a EUR 82m greenfield debt financing of a portfolio of French PV assets.

Project Persei comprises a 86 MWp portfolio of solar assets located in various French regions, featuring mostly 20-year CfD contracts. All these assets are owned 100% by Urbasolar and are expected to be built by the end of 2025. Once operational, the solar plants will generate an annual electricity production of 105 GWh, which is equivalent to the consumption of 22,000 households.
 
The transaction was arranged and fully subscribed by BPI France, Crédit Agricole Transitions & Energies and Caisse Régionale de Crédit Agricole du Languedoc.

This transaction marks our sixth successful closing with Urbasolar in the past five years.

Astris Finance acted as exclusive financial advisor to Urbasolar.