Astris advises Valorem on two portfolio refinancing transactions

Astris Finance has announced the closing by Valorem of the refinancing of two renewable portfolios. Astris acted as exclusive financial advisor to Valorem.

Project Elcano, involved in the refinancing, is a 165 MW portfolio of 11 onshore wind assets and 2 PV assets in operation located in France. Société Générale, Groupe Crédit Agricole (including CACIB and Unifergie), and BPI acted as Mandated Lead Arrangers for a total debt amount of EUR300 million (US$350.53 million),

Project Clarence consists of mini-hydro assets located in Guadeloupe, France. The portfolio comprises 16 run-of-the-river plants in operation for a total capacity of 10.4 MW. The total debt amounts to EUR52 million (US$60.76 million). La Banque Postale and BPCE acted as Mandated Lead Arrangers.