DIF sells its stakes in 29 solar assets in France

DIF Infrastructure III and DIF Infrastructure IV have announced the completion of the sale of their stakes in a portfolio of 29 French solar plants to Terres d’Energie, a company whose majority shareholder is Tenergie, a successful French Independent Power Producer that specializes in renewable energy. The Portfolio’s total capacity is 107.8 MW comprising of:

a DIF III owned shareholding in projects with total capacity amounted to 97.8 MW; and
a DIF IV owned shareholding in projects with total capacity amounted to 10 MW.

The Portfolio includes a mix of ground-mounted and rooftop assets (including a number of assets developed by GreenYellow on Casino supermarkets), which achieved commercial operations between 2009 and 2016. Most plants were acquired by DIF during construction. They all benefit from 20-year Feed-in-Tariffs.

DIF was advised by Astris Finance (Financial), Clifford Chance and LPA-CGR (Legal) and RINA (Technical).