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Energy Finance & Investment News in France

IPPToday #311: SIMEC Atlantis Energy to develop 2 GW tidal energy project in France

IPPToday #311: SIMEC Atlantis Energy to develop 2 GW tidal energy project in France

🕔Oct 31, 2018

SIMEC Atlantis Energy has announced the formation of a joint venture company, Normandie Hydrolienne, for the purpose of developing a large-scale tidal energy project in the Alderney Race, also known as Raz Blanchard, an eight-mile (13km) strait that runs between Alderney, an island in the English Channel, and La Hague, France.

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REDEN Solar refinances French assets for US$315 million

REDEN Solar refinances French assets for US$315 million

🕔Jun 20, 2018

REDEN Solar has completed the refinancing of the majority of its French assets, successfully raising a total of EUR270 million (US$312.8 million).

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Albioma refinances solar portfolio for US$130 million

Albioma refinances solar portfolio for US$130 million

🕔May 17, 2018

Albioma Solar Réunion has completed the refinancing of a portfolio of solar photovoltaic projects located in French overseas departments in the Indian Ocean and has established credit facilities to finance new projects in the same area over the next 18 months.

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Alstom divesting from energy joint ventures with GE

Alstom divesting from energy joint ventures with GE

🕔May 15, 2018

Alstom has signed an agreement with General Electric (GE) regarding its intention to exit three joint ventures set up in November 2015 as part of the sale of Alstom's energy business to GE. GE has agreed to buy Alstom's stakes in the joint ventures for EUR2.59 billion (US$3.10 billion).

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Univergy to develop 240 MW solar projects in France

Univergy to develop 240 MW solar projects in France

🕔May 15, 2018

The Spanish-Japanese company Univergy International has announced that it is aiming to win 240 MW capacity in upcoming solar photovoltaic auctions in France.

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Boralex acquires French wind developer for US$160 million

Boralex acquires French wind developer for US$160 million

🕔Apr 27, 2018

Boralex Inc. has announced that it has entered into a purchase agreement with Ardian Infrastructure to acquire 100% of the outstanding shares of Kallista Energy Investment SAS, for a consideration of EUR129.4 million (US$157.2 million) and the assumption of EUR94 million (US$114.2 million) in project debt.

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France to tender 300 MW solar projects in Alsace

France to tender 300 MW solar projects in Alsace

🕔Apr 23, 2018

The Secretary of State for the Ministry for Ecological and Inclusive Transition of France, Sébastien Lecornu, has announced that a 300 MW tender for solar photovoltaic projects located in the Haut-Rhin department of north-east France, will begin this year, with the first phase launching in November.

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Evergaz and Meridiam to develop 30 biogas plants in Europe

Evergaz and Meridiam to develop 30 biogas plants in Europe

🕔Apr 16, 2018

Evergaz has partnered with Meridiam Transition, a fund dedicated to the ecological transition in European infrastructures, to develop, own and operate thirty biogas plants in Europe by 2020.

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Boralex closes financing for 112 MW wind projects in France

Boralex closes financing for 112 MW wind projects in France

🕔Mar 9, 2018

Boralex Inc. has announced the financing for the 33 MW Inter Deux Bos, 26 MW Côteaux du Blaiseron, 10 MW Le Pelon, 20 MW Hauts de Comble and 23 MW Sources de l’Ancre wind farms in France for a total amount of approximately EUR136 million (US$168.2 million).

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IPPToday #169: 500 MW awarded in France's first onshore wind tender

IPPToday #169: 500 MW awarded in France's first onshore wind tender

🕔Mar 7, 2018

508.4 MW wind power capacity has been awarded in France's first onshore wind auction, split between 22 separate projects. The weighted average price proposed by the winners was EUR65.4 (US$79.77) per MWh. This represents a 23% drop on the premium purchase price of EUR85 (US$105.2) per MWh awarded under the previous support mechanism.

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Macquarie sells 24.33% stake in Pisto to Swiss Life AM

Macquarie sells 24.33% stake in Pisto to Swiss Life AM

🕔Feb 20, 2018

Macquarie Infrastructure and Real Assets has sold a 24.33% stake in French oil transportation and storage holding company Pisto SAS to Swiss Life Asset Managers. This sale ends Macquarie's almost 10-year interest in the company.

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HSH Nordbank finances two KGAL PV plants in France

HSH Nordbank finances two KGAL PV plants in France

🕔Feb 2, 2018

German asset and investment manager KGAL has secured financing from HSH Nordbank AG for the construction, development and operation of two solar photovoltaic plants in France with an overall capacity of 18.58 MW

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IPPToday #142: 370km France-Spain interconnection project to receive EUR578 million from EU

IPPToday #142: 370km France-Spain interconnection project to receive EUR578 million from EU

🕔Jan 26, 2018

The European Commission yesterday approved an unprecedented grant of EUR578 million (US$718.5 million) to the Biscay Gulf France-Spain interconnection project. The grant will fund the construction of a 370km electricity transmission line between Gatika, around 20km north of Bilbao, in the north-east of Spain, and Cubnezais, around 40km north of Bordeaux, in the south-west of France.

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Engie issues EUR1 billion Green Hybrid Bond

Engie issues EUR1 billion Green Hybrid Bond

🕔Jan 16, 2018

Taking advantage of the attractive market conditions, ENGIE has issued its first Green Hybrid Bond (Deeply Subordinated Perpetual Bond) for an amount of EUR1 billion (US$1.22 billion), with a coupon of 1.375% and a Non-Call period of 5.25 years.

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Neoen secures EUR245 million mezzanine financing with green bond

Neoen secures EUR245 million mezzanine financing with green bond

🕔Jan 11, 2018

French renewable energy provider Neoen has obtained financing for the construction of a global 1.6 GW renewable energy portfolio, through issuing a junior green bond with a total value of EUR245 million (US$293 million). The bonds have been subscribed by AMP Capital, through its Infrastructure Debt Fund III (IDF III).

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VALOREM refinances and reorganises 145 MW wind farm portfolio

VALOREM refinances and reorganises 145 MW wind farm portfolio

🕔Jan 9, 2018

VALOREM group has announced the success of VASCO, an operation of legal and financial re-organisation of its green energy projects through the roll-over of its EUR180 million (US$216,48 million) senior debt.

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ENGIE and Crédit Agricole Assurances to invest in 500 MW of wind and solar in France

ENGIE and Crédit Agricole Assurances to invest in 500 MW of wind and solar in France

🕔Jan 3, 2018

ENGIE and Crédit Agricole Assurances have signed a new agreement to acquire nearly 500 MW of on-shore wind and solar power plants by the end of 2018 through their joint venture FEIH (Futures Energies Investissements Holding).

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Veolia wins contract to operate the Reims Energy Recovery Plant

Veolia wins contract to operate the Reims Energy Recovery Plant

🕔Dec 21, 2017

Veolia has won the contract to operate the Reims Energy Recovery Plant. The waste treatment plant is located in Reims, in the north-east of France, 129km from Paris. 

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French government to combine wind and solar in 200MW auction

French government to combine wind and solar in 200MW auction

🕔Dec 20, 2017

The General Directorate for Energy and the Climate (DGEC) in France, which is part of the Ministry of Ecology, Sustainable Development, has revealed that it is going to hold joint auction for wind and solar power projects in the near future. DGEC are looking to allocate around 200 MW of renewable energy capacity in lots not exceeding 18 MW in size

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Land Degradation Neutrality Fund launched

Land Degradation Neutrality Fund launched

🕔Dec 18, 2017

The Land Degradation Neutrality Fund was officially launched at the thirteenth session of the Conference of the Parties (COP13) of the United Nations Convention to Combat Desertification (UNCCD), which took place in Ordos, China. The initiative is promoted by UNCCD and Mirova.

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