Paris, April 2024 – Astris Finance congratulates its client See You Sun, a leading French solar PV rooftop developer, for the successful closing of a EUR 46m capital raise.

See You Sun was founded in 2017 by former Langa managers, with the ambition to provide mobility solutions combined with solar PV rooftop projects. The company raised EUR 12m in 2021 to finance the development of the mobility business. In the past 3 years, See You Sun’s solar PV rooftop pipeline (small rooftop with a capacity below 500kwc) increased rapidly thanks to the favorable Feed-in Tariff (FiT) scheme currently in place, as well as a successful partnering strategy with local authorities.

This latest capital raise, secured through a combination of financial instruments, will allow the company to fund its development pace of c. 130MW/year. The raise was subscribed by two existing investors, Caisse des Dépôts et Consignations, the leading French state-owned banking group, and Demeter, a European investor specialized in energy transition.

Astris Finance acted as exclusive financial advisor to See You Sun. This is our third closing in the French PV rooftop sector this year -- and a testimony to our strong M&A sell-side activity in the European renewable energy sector, where we are currently advising on no less than 11 transactions.