Paris, April 2024 – Astris Finance congratulates its client Ze Energy, a leading French solar power developer and producer, for the successful closing of a EUR 52m greenfield debt financing for the “Vert” project, a hybrid solar/storage plant located in France.

The “Vert” Project consists in a 77 MWp photovoltaic power plant combined with a 15 MW / 33 MWh, lithium-ion battery storage system. Construction started in June 2023 on a 60-acre municipal land located in the Landes department in southwest France, and grid connection is scheduled for Q1 2025. Project revenues are supported by a long-term corporate PPA signed between Ze Energy and Orange France.

Out of a total investment of EUR 84m, Bpi France and Caisse d'Epargne Ile-de-France arranged and financed a senior secured debt facility of EUR 52m.

Astris acted as exclusive financial advisor to Ze Energy.

This closing is another milestone in our fruitful relationship with Ze Energy, as well as a testimony to Astris’s rapid expansion into the European battery storage sector.