Photosol re-finances itself with 160 million euros

Photosol, the first independent developer and producer of solar energy in France, is finalizing the re-financing of its solar portfolio. This means that 160 million euros have been injected into the management of these 22 photovoltaic plants.

Photosol re-finances its EUR 160 million portfolio.

On January 27, 2021, Photosol announced the refinancing of its photovoltaic portfolio to the tune of 160 million euros. This refinancing was carried out by Banque Postale, BPIFrance and Caisse d’Epargne CEPAC.

The photovoltaic power plants developed by Photosol are spread all over France. All together they develop 169 MWp, and their unit power is between 1.2 MWp and 42MWp. The ensemble produces nearly 204 GWh of 100% renewable electricity annually.

Read on energynews.com: Photovoltaic Park: New for Valorem in 2021

Investing in an unprecedented health context

Two re-financing plans in 8 months

This refinancing transaction is in line with the previous one, signed in July 2020. 108.5 million for the construction of nine solar power plants. Two refinancing plans were launched at the same time and during a period of crisis, demonstrating the group’s solidity.

The pride of independence

Benoît Farines, deputy CEO of Photosol, said that this refinancing plan was made possible by the quality of the group’s assets and its independent position. Indeed, this large-scale plan reaffirms Photosol’s major role in photovoltaics. More broadly, in the production of renewable energy. For La Banque Postale, this operation is directly in line with its investment strategy in favor of the ecological transition.

Finally, the refinancing of Photosol not only testifies to the solidity of the French SME, but also to the growing interest of banks in the ecological transition.

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