France-based renewable energy company Tenergie has successfully refinanced its 54.4MW of solar assets for €150 million (US$166 million) with a bank syndicate led by Credit Agricole Group.
The transaction was initiated in May, including the following actors: Credit Agricole Group, Unifergie, LCL, Credit Agricole Alpes-Provence, Shore Investment, BPIFrance Financing and the Postal bank.
Nicolas Jeuffrain, president of Tenergie, said: “This operation has allowed us to benefit from the current favourable market conditions. We have also been able to align our investment vehicles and standardise our solar projects.
“This refinancing shows our ambition to be part of the leading independent producers in France. We continue our consolidation strategy, particularly through acquisitions.”