Franklin advises Landesbank Saar and Auxifip (Crédit Agricole) on closing €158 million financing program for solar assets in France.
Infram Energy has closed the final tranche of a €158 million financing program for a portfolio of brownfield and greenfield solar assets in France. Financing commenced last February with the closure of a €35 million revolving construction facility and the final tranche consists of €123 million in long-term financing facilities.
Infram Energy is jointly owned by Irish renewable energy company Amarenco and UK infrastructure fund Infracapital. Amarenco acts as principal management services provider to Infram Energy on all development, financing, construction and operational aspects of Infram Energy’s business.
The long-term financing facilities were arranged jointly by Landesbank Saar and Auxifip (Crédit Agricole) as arrangers and lenders, with Bpifrance Financement participating as co-lender. It provides Infram Energy with long-term finance for its 70MW operating asset portfolio, which comprises a mix of ground-mounted and agricultural rooftop solar arrays in France.