Boralex closes financing for wind farms in France
Boralex Inc. has announced the closing of financing for the Plateau de Savernat and Avignonet II wind farms for a total amount of €20.4 million (US$22.6 million) in France. The amount is financed by Crédit Industriel et Commercial.
Long-term financing for the Plateau de Savernat wind farm (revised to 16 MW) amounts to nearly €17.6 million (US$19.5 million), or 80% of the total investment. Drawdown on the facility is subject to certain customary conditions which are expected to be lifted shortly.
Amortized over a 15-year period, the loan will bear interest at a rate of approximately 2.30% for the full term of the loan, 90% of which will be covered by a forward rate agreement. Construction on the Plateau de Savernat wind farm has begun and commissioning is slated for the end of 2016.
Long-term financing for the Avignonet II wind farm (4.6 MW) amounts to nearly €2.8 million (US$3.1 million). The Avignonet II wind farm was commissioned in 2008 and had not been financed to date. The proceeds will be used to invest in its projects under development and support its growth initiatives.
The loan is amortized over a 9.5-year period, or the remaining term of the power purchase agreements in effect for the Avignonet II facility plus an additional period of two years, and will bear interest at a rate of approximately 1.72% for the full term of the loan, 90% of which will be covered by a forward rate agreement.
Country news
-
-
June 15, 2016
Innergex closes participation of the Desjardins Group Pension Plan in its portfolio of wind assets in France
Innergex Renewable Energy Inc. has announced the closing of the investment by the Desjardins Group Pension Plan in the 7 wind project portfolio acquired in France on April 15, 2016, and a project under construction to be acquired at a later date. Read more -
June 02, 2016
Ardian appoints senior energy executive
Ardian, the independent private investment company, has announced the appointment of Simo Santavirta to strengthen the industrial expertise within its Infrastructure team. Read more -
June 01, 2016
Langa closes the refinancing of 99 solar power plants in France
Langa has announced the successful refinancing of a portfolio of 99 building-integrated and ground-mounted solar power plants. Astris Finance advised Langa, in connection with the refinancing of its portfolio of operating PV assets in mainland France and Corsica. Read more -
May 30, 2016
KfW Ipex-Bank finances Neoen wind and solar projects in France
KfW IPEX-Bank has recently announced that it will provide loans to the French energy provider Neoen to support the execution of a project portfolio, which involves a solar PV facility with a total capacity of 30 MW and two wind farms for a total capacity of 46 MW in France. Read more -
May 30, 2016
EDF Group sells stake in three offshore wind farms projects off the French coast to Enbridge
EDF Energies Nouvelles, EDF Group subsidiary has announced a new partnership agreement with Enbridge Inc., a North American energy sector company, including renewable energy. The agreement covers the development, construction and operation of three French offshore wind farms, totaling 1,400 MW of installed capacity. Read more
