French fund PREDIREC EnR 2030 finances PV and solar portfolios
Predirec EnR 2030, an euro bond fund dedicated to renewable energy infrastructure investment and operated by Acofi Gestion, will finance French solar portfolio with a total output of 82 MWp. The financing will cover a portfolio of 154 photovoltaic stations amounting €25 million (US$27.7 million) over 5 years.
These photovoltaic plants, located in the South of France represent a total capacity of about 82 MWp. Their annual production of 92 GWh corresponds to the electricity consumption of 22,000 French households. These projects, were carried out by the French developer Fonroche
Additionally, International law firm Watson Farley & Williams has advised Acofi Gestion, in respect of €12.5 million refinancing, by its fund Predirect EnR 2030, of five wind farms located in northern France which had been developed by Valorem and together have a combined output capacity of 55 MW.
This was the first operation carried out by Predirec EnR 2030. This fund is intended to meet the needs of players in the wind and solar energy sectors for periods ranging from five to fifteen years and already has €45m at its disposal.
Country news
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August 03, 2016
Winners revealed for France's tender for pilot floating wind farms
French Ecology Minister Segolene Royal has announced two winners of France's tender for pilot floating offshore wind farms.
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August 02, 2016
Akuo Energy raises €44 million through green bond issue
Akuo Energy, a French IPP in renewable energy, has announced the success of its latest green bond issue, which has enabled it to raise €44 million (US$49.2 million). Read more -
July 28, 2016
KGAL acquires wind farm in France
KGAL Group, the German based asset manager, has acquired the Clamecy wind farm situated in Burgundy (France) from ABO Wind. This is the third French project that KGAL acquires from ABO Wind, and the tenth wind farm added in France. Read more -
July 26, 2016
EDF and Enbridge obtain permits for three offshore wind farms in France
French local authorities has given the green light to begin the development of three offshore wind farms with a total capacity of 1.4 GW. Read more -
July 18, 2016
3i Infrastructure plc announces investment in Valorem
3i Infrastructure plc, a wholly-owned subsidiary of 3i Group plc, has signed an agreement to invest approximately €69 million (US$ 76 million) subject to completion adjustments, in Valorem. Read more
