Paris, July 2024 - Astris Finance congratulates its client Amarenco, a leading, Irish-based solar IPP, for the closing of a long-term partnership agreement with Banque des Territoires, the investment arm of the French State-owned Caisse des Dépôts.

The partnership consists in setting up a joint investment platform named "Valorix Green", owned 51% by Amarenco and 49% by Banque des Territoires. Valorix Green‘s objective is to finance solar projects located in France – both ground-mounted and rooftop, which will represent by 2028 an annual production of more than 730 GWh – i.e. the yearly electricity consumption of c. 300,000 urban dwellers.

Astris acted as exclusive financial advisor to Amarenco.

This closing is another milestone in our longstanding collaboration with Amarenco – whom we currently advise on 3 other mandates - and a testimony of Astris’s premier position in the European renewable sector, where we have closed 6 similar “AssetCo” transactions totaling 8 GW+ of solar and wind projects.