Watson Farley & Williams (“WFW”) advised independent French renewable energy operator VALOREM Group on the global refinancing of a portfolio of 12 solar and 8 wind power assets representing a total installed capacity of 143 MW.
This refinancing, structured around new senior debt of almost €200m, was raised by a consortium of lenders comprising Société Générale, Group Crédit Agricole, BPCE Energeco, Auxifip, Crédit Lyonnais and Natixis. The funds raised will enable VALOREM Group to consolidate its financial structure, finalise the repayment of existing equity loans (crowdfunding) raised in auction processes, stabilise its long-term commitments and free up resources to accelerate the commissioning of future renewable energy production assets.
A leader in the wind power sector, the VALOREM Group as extensive expertise in the full cycle of renewable energy production, from development and operation to construction and audit services. With 500+ employees, the Group is also active in Finland, Greece, Poland and Sweden.
The multidisciplinary WFW Paris team that advised the VALOREM Group was led by Regulatory and Public Law Partner Laurent Battoue, supported by Counsel Antoine Bois-Minot and Associates, Amandine Collard, Catherine Masquelet, Marie Jannet and Léo Van Den Bussche on public law and regulatory matters, project contracts and real estate matters. Corporate and M&A Partner Thomas Rabain, assisted Associates, Mohamed Douib, Chloé Léonard and Thibaut de Toytot provided corporate expertise.
