Delta Solar refinances a portfolio of nine photovoltaic parks in France

Delta Solar and Aloe Invest has refinanced a a portfolio of nine photovoltaic parks located in various parts of southern France and Corsica with a total installed capacity of 67.3 MWp.This solar asset portfolio refinancing was brought to financial close with the signing of the senior facilities agreement being achieved around six weeks after the arrangers, Crédit Agricole Corporate and Investment Bank, Siemens Bank and Société Générale, were mandated.Delta Solar’s ultimate shareholders include Ardian, Bernis Energy, Debiopharm Investment and Nixdorf Foundation, following their acquisition of shares in Delta Solar’s parent, Aloe Energy SAS, in late 2014 through Aloe Invest SAS, a renewable energies investment vehicle.The lenders were advised by Linklaters LLP, while Delta Solar and Aloe Energy were advised by Clifford Chance. The borrower’s financial adviser was Lazard Frères.