Octopus Energy Investments closes US$67.3 million refinancing on French PV portfolio

Facebook
Twitter
LinkedIn
Reddit
Email
The 17.4MW portfolio is comprised of 66 rooftop solar projects located across Southern and Central France. Image: Peter Jelliffe / Flickr

Octopus Energy Investments announced that it has refinanced a 17.4MW portfolio of solar assets in France. The total deal value is tabbed at US$67.3 million and is structured as a fully amortizing 14-year loan.

The new financing was provided by two banks — Bpifrance and Credit Cooperatif — who acted as the mandated lead arrangers. The portfolio is comprised of 66 rooftop solar plants located across Southern and Central France.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Eleco Capital and Linklaters advised Octopus, while WFW, Mazars and Willis advised the lenders.

Matt Setchell, head of Octopus Energy Investments, said: “This refinancing improves returns for our investors and further establishes our presence in France – a country now poised to lead European renewable energy growth over the next 5 years. We are exploring ways to continue to participate in France’s clean energy transition.”

Edouard Brémond, Eleco Capital founder, added: “We were very pleased to advise Octopus Investments with structuring and closing this transaction. It is yet further proof that PV plants are a mature asset class, and an attractive lending opportunity for banks. We look forward to continuing to work with Octopus Investments as they expand their existing portfolio of French assets.”

Read Next

January 30, 2025
French energy giant EDF Renewables has closed its solar manufacturing subsidiary Photowatt, located in eastern France.
January 22, 2025
TSE has raised €100 million (US$104.5 million) to support the development of seven new solar projects, with a combined capacity of 120MW.
January 15, 2025
The acquisition is part of the company’s plan to invest over €1 billion (US$1 billion) in French clean energy by the end of 2025.
Premium
January 10, 2025
Nicolas Rochon and Mathilde Ketoff tell PV Tech Premium that ensuring strong margins are of paramount importance for the rooftop solar sector.
December 10, 2024
Germany's rooftop solar tender ended up with a record 434MW of capacity bid, while France's was undersubscribed.
Premium
December 6, 2024
French independent power producer Reden has recently launched a module assembly line with an annual nameplate capacity of 200MW in France.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 19, 2025
Tokyo, Japan
Solar Media Events
March 11, 2025
Frankfurt, Germany
Solar Media Events
March 18, 2025
Sydney, Australia