Le Bernardan solar power plant in operations
October 12, 2023
#Renewable Energy #Solar #France
Resonance Advisory advised french developer Neoen in the financing of the Le Bernardan solar plant in France. Le Bernardan is a 13.4MW solar plant built over a former uranium mine, therefore bringing new value to this disused industrial site.
Le Bernardan reached financial close in July 2023 alonside two other solar plants for a cumulated capacity of 63MW.
Resonance Advisory acted as financial advisor to Neoen for this new financing. This collaboration between Neoen and Resonance Advisory since 2017 has already led to the financing of 52 solar and wind power plants in France for a total capacity of 645MW of renewable energy.
Autoroute de l’Avenir, Senegal: SECAA raises EUR 140m for new investments
September 30, 2023
#Infrastructures #Roads #Senegal
Resonance Advisory has advised SECAA, the concessionaire for the Dakar tolled motorway between Dakar and Blaise Diagne International Airport. SECAA secured a EUR 140m loan from Emerging Africa Infrastructure Fund (EAIF), Banque Ouest Africaine de Développement (BOAD) and CBAO (Attijariwafa group) for the financing a new investment program to improve road safety, reduce traffic congestion and improve the carbon footprint of the motorway. The financing includes a combination of EUR denominated and FCFA denominated loans from EAIB, BOAD and CBAO, replacing certain the original DFI lenders. The new financing structure including long term FCFA financing from BOAD and CBAO reflects the mature nature of this landmark infrastructure in Western Africa.
Resonance Advisory acted as financial advisor to the concessionaire for this transaction.
Cape Verde: VINCI secures EUR 60m first airport’s SLF
July 30, 2023
#Infrastructures #Airports #Cape Verde
Vinci Airports signed a concession contract for the operation of 7 airports in Cape Verde. Financial close was reached in July 2023 with a group of DFI including IFC, Proparco and DEG.
The concessionaire secured a EUR 60m Sustainbility-Linked Financing with a 20-year tenor. The sustainability objectives are based on a commitment to progressively reduce carbon emission on the airports and to meet the Airport Carbon Accreditation.
Resonance Advisory acted as sole financial advisor to VINCI airports.
July 18, 2022
#Infrastructures #Airports #Cape Verde
Vinci Airports signed a concession contract on July 18, 2022 with the Republic of Cape Verde for the operation of 7 airports of the archipelago.
Resonance Advisory is very proud to have been working with Vinci Airports and Vinci Concession since the beginning of this long process. Resonance Advisory was first involved in 2017 when the team was preparing its first proposal to the Republic of Cape Verde. Since then, Resonance Advisory has continuously been supporting Vinci, who maintained its commitment to this project despite the COVID outbreak.
Resonance Advisory will continue working with Vinci and potential lenders in order to reach financial close quickly now.
March 16, 2022
#Infrastructures #Airports #Cape Verde
Resonance Advisory is very proud to have assisted STOA Infra & Energy in its acquisition of a 33% equity stake in Solar Serra do Mel (SSM 1&2). With a total capacity of 320MW, SSM is Voltalia’s largest solar project located in the North-East of Brazil.
This is Resonance Advisory’s second successful cooperation with STOA in Brazil after the acquisition of a participation in Ventos Serra do Mel III (VSM3 – a 152MW wind farm) in 2020.
Resonance Advisory has developed the financial models used for the portfolio valuation and the implementation of the long-term debt refinancing.
April 29, 2020
#France, #Energy, #Wind, #Solar
Resonance Advisory is happy to have assisted Enoé Energie for the acquisition and refinancing of a 55 photovoltaic plants portfolio. This approximately EUR 15 million transaction is the first acquisition made by the company.
Resonance Advisory has developed the financial models used for the portfolio valuation and the implementation of the long-term debt refinancing.
March 04, 2020
#France, #Energy, #Wind, #Solar
Resonance Advisory has assisted NEOEN on the financing of a 69 MW portfolio of 2 wind farms and 2 ground-mounted PV plants located in France, closed on 5th March 2020. The 10MW “La Garenne” and the 29MW “Mont de Malan” wind farms benefit from 20-year feed-in premium contracts (contrats de complément de rémunération) with EDF, under 2017 administrative order and 2017 tender award letter.
The 15.3MWp “Mer” and 14.3MWp “Vermenton” solar plants benefit as CRE tender winners from 20-year feed-in premium contracts with EDF.
The Vermenton plant will benefit from an additional premium, as it is partly financed with crowdfunding convertible bonds.A 22 or 23-year senior debt financing has been raised at each Project company level, for a global amount of EUR 93 million, and involved Caisse d’Epargne CEPAC (arranger), Bpifrance and Caisse d’Epargne et de Prévoyance Normandie.
This is the sixth French projects portfolio financing Resonance Advisory has advised NEOEN on since 2017, for 250 MW in total and comprising 9 wind farms and 15 ground-mounted or shelter PV projects.
December 16, 2019
#France, #Energy, #Wind, #Solar
Resonance Advisory will assist French engineering firm Egis in the prepration of its bids for the Dartford Crossing Free-Flow project in Kent, UK. The Project will consist in the upgrade of the free-flow system and its operation over 10 years.
Dartford Crossing between Dartford and Thurrock consists of the cable-stayed Queen Elizabeth II Bridge and two bored tunnels across the River Thames, east of Central London. It is the only fixed road crossing east of London: over 150,000 vehicles cross Dartford Crossing daily.
July 24, 2019
#France, #Energy, #Wind, #Solar
Resonance Advisory succesfully advised the consortium formed by Eiffage and Marseille-Provence Airport in the tender for the concession of the Lille Airport in France. Following a tender process launched by the regional authorities (SMALIM) the consortium was awarded a 20-year concession contract.
Under the terms of the concession contrat, the consortium will operate the airport over a 20-year period, starting January 1, 2020. The consortium intends to invest EUR 90m over 4 year to support de development of the platform, of which EUR 50m for the terminal extension.
Traffic in Lille is expected to grow from the current 2m PAX up to 4mPAx by the ed of the concession in 2039.
June 17, 2019
#France, #Energy, #Wind, #Solar
Resonance Advisory assisted STOA in the evaluation of the acquisition of a 35% stake in the VSM 1 and VSM 2 wind farms. The 163MW (VSM 1) and the 128MW (VSM 2) wind farms, currently under construction, are part of Voltalia’s Serra Branca cluster in Rio Grande do Norte (Brazil).The parties have enter into exclusive negotiations. The transaction should be finalized during Summer 2019.
June 13, 2019
#France, #Energy, #Wind, #Solar
Resonance Advisory has assisted NEOEN on the financing of a 35 MWp portfolio of 5 ground-mounted PV plants located in France, closed on 13h June 2019.
Two plants benefit from a 20-year feed-in tariff under the CRE3 tender, and 3 plants from a 20-year feed-in premium contract (contrat de complément de rémunération) with EDF under the CRE 4.2 tender. Three projects have issued crowdfunding convertible bonds.
A 20 to 22-year senior debt financing has been raised at each Project company level, for a global amount of EUR 30 million, and involved Caisse d’Epargne CEPAC (arranger) and Bpifrance.
December 19, 2018
#France, #Energy, #Wind, #Solar
Resonance Advisory has assisted NEOEN on the financing of a 40 MW portfolio of 2 shelter PV plants (“Corbas 1” and “Corbas 3”), one PV ground mounted plant (“Azursol Sud”) and one wind farm (“Centrale Eolienne Les Hauts Chemins”) located in France, closed on 20h December 2018.The solar projects benefit from a 20-year feed-in premium contract (contrat de complément de rémunération) with EDF. They all have raised cowdfunding financing to obtain an additional premium. The wind project benefits from a 15-year feed-In tariff under the 2016 administrative order.A 22-year and 17-year senior debt financing has been raised at each Project company level for the PV projects and the wind project respectively, for a global amount of EUR 59.7 million. It involved Caisse d’Epargne CEPAC (arranger) and Bpifrance.This is the fourth French projects portfolio financing Resonance Advisory has advised NEOEN on since 2017 after the series of MISTRAL Wind and PV portfolios.
November 10, 2018
#France, #Infranstructures; #Airports
Resonance Advisory is advising a consortium form by Aéroport Marseille-Provence and construction group Eiffage for the new concession of the Lille Airport in France.The Project consists in the operation of the Lille-Lesquin Airport under a 20-year concession contrat. The new operator will be required to expand the existing airport facilities to accomodate with the expected traffic growth. Traffic at Lille Airport is currently manages 2 millions PAX annually.
July 31, 2018
#France, #Energy, #Solar
Resonance Advisory has assisted NEOEN on the financing of a 39 MW portfolio of 3 ground mounted PV plants (“Lugos”, “Bram” and “Cap Découverte 4 bis”), one shelter PV project (“Le Pontet”, already in operation) and one wind farm (“Auxois Sud II) located in France, closed on 31st July 2018.
The “Cap Découverte” project benefits from a 20-year feed-in premium (contrat de complément de rémunération) with EDF under the CRE4.1 tender rules and has raised crowdfunding financing to obtain an additional premium.
The Lugos and Bram projects benefit from a 20-year feed-in tariff under CRE tender rules. The “Le Pontet” project has a 19-year feed-in contract with EDF signed in 2016.
The Auxois Sud II wind project benefits from a 15-year feed-In premium contract (contrat de complement de remuneration) under the 2016 administrative order.A long-term senior debt financing has been raised at each Project company level, for a global amount of EUR 57.7 million.
It involved KfW-Ipex (arranger and agent) and Caisse d’Epargne CEPAC.This is the third French projects portfolio financing Resonance Advisory has advised NEOEN on, for 109 MW in total and comprising 6 wind farms and 5 ground-mounted and shelter PV projects.
May 31, 2018
#Jamaica, #Energy, #Solar
Resonance Advisory successfully advised Eight Rivers Energy Company and its sponsors Neoen, MPC Capital AG and Rekamniar Frontier Ventures for the financing of the 51 MWp Paradise Park PV farm in Jamaica.Proparco and FMO are senior debt providers for the Project. Total investment amounts to USD 64 million.
The Project is expected to be completed in the first half of 2019 and will deliver electricity to JPS, Jamaica’s grid operator and power distributor, at the cheapest price ever made available in Jamaica. It will contribute to reducing Jamaica’s dependency on fuel.
We have assisted EREC and its sponsors in the selection of senior lenders, optimization of the financing structure, and negotiation of financing documents and Project documents (EPC and O&M contracts), up to financial close.
This transaction demonstrates Resonance Advisory’s expertise in renewable energy project financing, and in structuring and raising debt from Development Finance Institutions for major infrastructure projects in emerging countries.
December 21, 2017
#France, #Energy, #Wind
Resonance Advisory has assisted NEOEN on the financing of 2 greenfield onshore wind projects (“Chassepain” (20MW) and “Pays Chaumontais” (14.4MW)) and the refinancing of the “Auxois Sud” 12MWwind farm, located in France. The transaction was closed on 21st December 2017.
The Chassepain and Pays Chaumontais projects benefit from a 15-year feed-In premium contract (contrat de complément de rémunération) under the 2016 administrative order. The Auxois Sud project was commissioned in 2010 and benefits from a 15-year feed-in tariff contract with EDF.
A long-term senior debt financing has been raised at each Project company level, for a global amount of EUR 73 million. It involved KfW-Ipex (arranger) and Caisse d’Epargne CEPAC.
November 30, 2017
#Georgia, #Energy, #Hydropower
Resonance Advisory has been mandated by a group of investors to advise them on the financing of a 46MW hydro power plant in Georgia.
August 30, 2017
#Belgium, #Other Infrastructure, #PPP
Resonance Advisory is advising one of the consortium bidding for the SOFICO – Plan Lumière 4.0 project in Belgium. The Project consists in the modernization, financing and maintenance of the lighting system on motorway and national road network in the Walloon Region, under a 20-year DBFM contract. The Project includes the installation of new energy-saving LED system across 2 300km of roads.
July 26, 2017
#France, #Energy, #Wind, #Solar
Resonance Advisory has assisted NEOEN on the financing of the “Champs d’Amour” 8.8MW greenfield onshore wind project and the refinancing of the “Villacerf” 10MW wind farm and the “Alpha Grabels” 4.3MWp ground-mounted PV plant project.
The transactions were closed on 26th July 2017. The Champs d’Amour wind farm benefits from a 15-year feed-in premium contract (contrat de complement de remuneration) with EDF under the 2016 administrative order.
The Villacerf project was commissioned in early 2016 and sells electricity to EDF under a 15-year feed-in tariff contract. The Alpha Grabels plant was commissioned in 2015 and sells electricity to CESML (Coopérative d’Electricité de Saint Martin de Londres) under a 20 year fixed tariff contract.
A long-term senior debt financing has been raised at each Project company level, for a global amount of EUR 38 million. It involved KfW-Ipex (arranger) and Caisse d’Epargne CEPAC.
June 19, 2017
#France, #Energy, #Wind, #Solar
Resonance advisory has been mandated to advise NEOEN, a French major renewable energy developer, on the financing of a large portfolio of wind and solar project in France. Financial Close is expected to occur in successive batches of greenfield and brownfield projects.
July 04, 2017
#Project Finance
This summer Resonance Advisory celebrates its fifth anniversary. It’s been five full years since the idea of starting a new project finance advisory firm materialized.
The idea has been from the beginning to provide intuitu personae value-added Project Finance advisory services to our clients. For the next five years, we are looking forward to further expanding Resonance Advisory’s services on new projects, while keeping our main objective, which is to follow our clients where the go…
March 08, 2017
#Mauritania, #Infrastructure, #Port
Resonance Advisory has been mandated by the Government of Mauritania to perform a financial feasibility study of the rehabilitation and extension of Nouakchott and Nouadhibou oil terminals under a concession scheme.
Fabruary 23, 2017
#France, #Energy, #Wind
Resonance Advisory has been mandated by Beauce Energie, a subsidiary of French developer JPEE and Caisse des Dépôts et Consignations, to advise on the financing of a 65MW wind farms portfolio. The portfolio consists in a plant in operation and extensions to be built.
November 28, 2016
#Jamaica, #Energy, #Solar
Resonance Advisory has been mandated to advise Eight Rivers Energy Company, a subsidiary of French developer Neoen, on the financing of a 50MWp PV plant in Jamaica.