DIF acquires portfolio of solar projects in Francedoor Mark Vuurberg op 29 nov 2016, 17:22
Paris, 29 November 2016 – DIF Infrastructure IV invests in seven roof top solar PV projects in France from Green Yellow.
DIF Infrastructure IV has acquired 85% of the equity in a portfolio of seven solar PV plants installed on the rooftops of supermarkets, warehouses and parking lots in the south of France and Corsica, totalling an installed 10 MWp capacity. Green Yellow has retained 15% of the equity in the portfolio.
The projects have been developed by Green Yellow. All the projects are operational and benefit from a long term Feed-in-Tariff with EDF. The plants are equipped with top tier Sunpower modules and maintained by Schneider Electric and Ineo (Engie). The portfolio is financed with long term debt provided by Caisse d’Épargne CEPAC, acting as the lead arranger, BPI France and Banque Palatine. DIF was advised by LPA-CGR avocats (legal), OST Energy (technical), H3P (model audit) and MARSH (insurance).
Including this acquisition, DIF-managed funds have successfully acquired 85% of the equity in 38 rooftop solar PV plants in France, totalling 85 MWp, from Green Yellow, which has retained 15% of the equity in all of the plants.
DIF is an independent and specialist infrastructure fund management company, managing funds of approximately €3.3 billion. DIF invests in infrastructure assets that generate long term stable cash flows, including PPP / PFI / P3, renewable energy assets and other core infrastructure assets in Europe, North America and Australia.
DIF has offices in Amsterdam, Frankfurt, London, Paris, Luxembourg, Madrid, Toronto and Sydney.
For more information, please contact:
Christopher Mansfield, Partner
Allard Ruijs, Partner