VALOREM, green energy operator, refinances and reorganizes its historical renewables portfolio 12 wind farms, 145 MW, 180€ million

20 December 2017

VALOREM group is proud to announce the success of VASCO, an operation of legal and financial re-organization of its historical green energy projects through the roll-over of its €180 million SENIOR debt.

One year after 3i Infrastructure entered its capital, VALOREM continues its consolidation and keeps undertaking new ventures in green energies with its power plants projects. VALOREM contributes to the energy transition by developing renewable energy plants in association with territories.

The 12 wind farms involved, totaling 145 MW, amount for a total annual production capacity of 360 GWh (P50). Mostly owned by VALOREM, all those historical plants became operational before 2017. Refinancing the portfolio is a major strategic operation for the group, bringing additional stability to the continuation of its activities as a renewables developer.

The funding has been arranged by SUMITOMO MITSUI BANKING CORPORATION (documentation), LA BANQUE POSTALE and AUXIFIP – CREDIT AGRICOLE UNIFERGIE (agent). CAISSE RÉGIONALE DE CRÉDIT AGRICOLE MUTUEL D’AQUITAINE (account holder) and BPI FRANCE are also part of the banking pool.

VALOREM also received full support from ACOFI (advised by WASTON FARLEY & WILLIAMS) and RGREEN INVEST (advised by FRANKLIN), mezzanine lenders, and from SEGALA ENR – LES FERMES DE FIGEAC, local partner and shareholder of LA LUZETTE plant (14 MW, Cantal and Lot).

VALOREM would like to thank historical lenders of the refinanced projects and all the related parties for their cooperation in achieving this result: ASTRIS FINANCE (financial advisor) and LINKLATERS, (Sponsor’s legal advice).  CLIFFORD CHANCE, legal advice for financial parties, EVEROZE, technical advice (inspections, maintenance record review and reassessment of planned productible), BCTG, for land, corporate, regulatory and contractual audits, NOVEO FINANCE, advice for financial cover, DELOITTE FINANCE, financial model audit, POYRY, for prices survey on electricity market and MARSH for insurance.


 

 

 

Contacts :

Finance / Legal

Tristan MAES, Head of Project Finance
+33 5 57 12 43 91 – tristan.maes@valorem-energie.com

Elodie LALANNE-LARRIEU, Head of Legal
+33 5 57 96 96 51 – Elodie.LALANNE-LARRIEU@valorem-energie.com

Marc ROUBEROL, Chief Financial Officer
+33 5 47 30 20 61 – Marc.ROUBEROL@valorem-energie.com

 

Press / Communication

Virginie JOYEUX
+33 6 34 86 26 25 – virginie.joyeux@valorem-energie.com

 

About VALOREM S.A.S.:

VALOREM is an independent green energy operator, managing the entire process of the use of renewable energies, from development to exploitation, through services for project management, construction and audit. Pioneer in wind energy in France, VALOREM, with its 180 employees, is also present in the Caribbean, Northern Europe and Africa.

VALOREM is ISO 9001:2015, ISO 14001:2015 and OHSAS18001:2007 certified.

More information on www.valorem-energie.com