VALOREM and Arkéa structure €22mn debt for 63 rooftop solar projects

Groupe VALOREM secured €22mn in funding with Arkéa Banque to develop 63 rooftop photovoltaic plants in Nouvelle-Aquitaine and Occitanie, consolidating its model in a shifting French solar market.

Share:

Groupe VALOREM, through its subsidiary VALOREM Toiture & Ombrière, has finalised a €22mn financing operation with Arkéa Banque Entreprises et Institutionnels. This funding forms part of a broader €27mn investment plan aimed at delivering three clusters of rooftop photovoltaic projects, totalling 63 solar power plants. The contracts were structured between December 2023 and February 2025.

The plants, with individual capacities ranging from 200 kilowatt-peak (kWp) to 500 kWp, will have a combined capacity of 20 megawatt-peak (MWp). They are expected to generate 22.5 megawatt-hours (MWh) annually, equivalent to the electricity consumption of 5,484 households. These projects are located in Nouvelle-Aquitaine and Occitanie, regions where VALOREM is already active in renewable energy infrastructure at the local level.

Financial structuring and operational partners

The senior debt was granted by Arkéa Banque Entreprises et Institutionnels as part of a structured mandate led by its Environmental Transition Department. The operation involved several specialised advisers, including Energie Legal for legal auditing and Greensolver for technical due diligence.

VALOREM Toiture & Ombrière, a subsidiary focused on photovoltaic installations under 1 MWp, is responsible for the engineering and development of these plants. The economic model relies on secured electricity purchase tariffs, ensuring predictable revenue streams for the financed assets.

Regulatory stability and sectoral uncertainty

Despite the success of this financing, the regulatory environment remains uncertain for future rooftop solar projects. Recent changes to support mechanisms have raised concerns within the industry, particularly for medium-sized projects targeting agricultural or urban settings.

Groupe VALOREM, actively engaged in discussions with public authorities and fellow developers, is closely monitoring developments regarding the new simplified tender procedure. Amendments introduced through recent decrees may affect the profitability of certain projects and challenge their financing, despite efforts to moderate the measures.

Strategic positioning across the territory

The deal with Arkéa fits into a regional development strategy for decentralised solar power production. The partnership enabled the securing of three project cycles over more than a year, underlining the strength of banking relations in financing local infrastructure.

As regulatory adjustments continue to generate uncertainty in the French solar market, project developers such as VALOREM are working to preserve a stable investment framework, crucial for the long-term growth of the photovoltaic sector.

Facing chronic power outages, South African households are increasingly turning to solar self-generation, jeopardizing Eskom's pricing model and widening energy-access inequalities between affluent neighborhoods and disadvantaged areas.
Sol Systems has secured a $675mn credit facility to accelerate the development of 500 MW of solar and storage projects in Illinois, Ohio and Texas, backed by an international banking consortium.
The rapid rise of solar energy is disrupting Pakistan’s electricity sector, forcing the government to revise its tariff policy and introduce new taxes on solar panel imports.
Sabanci Renewables announces the acquisition of the Texan solar project Pepper from OCI Energy, strengthening its US portfolio to 660 MW and paving the way for an increase to 3 GW by 2030.
The results of recent Polish auctions reveal a predominance of photovoltaic solar, with 178 projects selected and a total capacity of 1.67 GW, while other segments found no takers.
The National Solar Energy Federation, launched on 21 June and formalised on 14 July, brings together installers, equipment suppliers and financiers to defend photovoltaics against political criticism as Paris prepares a new energy roadmap.
A $60mn subordinated loan will speed delivery of equipment for a 223 MWp solar-storage plant serving the Kamoa-Kakula copper complex, deepening the financial partnership between CrossBoundary Energy and Standard Bank South Africa.
New York developer DESRI, together with utility El Paso Electric, starts construction of the 150 MWac Santa Teresa solar complex and its 600 MWh storage system, financed by an international banking consortium.
Renewable developer Geronimo Power begins construction of the 250 MW Portage Solar park, expected to generate more than $100 mn in cumulative economic impact in Wisconsin, according to a news release issued on July 15 by PR Newswire.
African Trade & Investment Development Insurance (ATIDI) provides a liquidity guarantee to the Sokodé solar project, facilitating private financing for a 62 MW plant dedicated to Compagnie Énergie Électrique du Togo.
Three major players commit to developing five solar plants and two wind farms, with commissioning scheduled between 2027 and 2028 as part of Saudi Arabia’s national programme.
SAEL Industries will invest $954mn in a solar factory in Greater Noida, boosting Indian manufacturing capacity and supporting the national strategy to localise photovoltaic component production.
Global photovoltaic inverter shipments increased by 10% in 2024, driven by the Asia-Pacific region, which accounts for nearly seven out of ten shipments, while China consolidates its influence on the sector.
Arctech Brazil has received FINAME certification from the National Bank for Economic and Social Development, making financing more accessible for its solar trackers and consolidating its role in the Latin American solar market.
Solargik strengthens its presence in Italy with 85 MW of photovoltaic projects, including partnerships with Revalue and Free Ingegneria, to deploy systems on steep and agricultural land previously considered unexploitable.
EDF power solutions commissions two new photovoltaic plants in Moselle, together representing a capacity of 72 MWp, capable of annually supplying electricity equivalent to 36,000 inhabitants, or 30% of the population of Metz.
Solar energy reached a record share of 22.1% in the European electricity mix in June 2025, becoming for the first time the main source of electricity in the European Union, according to a report by think tank Ember.
Abraxas Power Corp. receives unprecedented authorisation from Maldivian authorities to develop a 100 MW solar project within a new special economic zone, targeting energy security and national climate objectives.
GreenYellow and Meaders Feeds Ltd finalise a second 1.8 MWp solar project under the Carbon Neutral Industrial Sector Scheme aimed at decarbonising the Mauritian industrial sector.
The Lime Kiln project, developed by Chaberton Energy and Pivot Energy, will provide renewable energy to 500 homes and businesses in Maryland, while reducing greenhouse gas emissions.