Paris, March 06, 2020
Resonance Advisory sucessfully advised on ZEPHYR III
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 252 MW in total and comprising 9 wind farms and 15 ground-mounted or shelter PV projects.
About Resonance Advisory:
Resonance Advisory is an Independent Project Finance Advisory Firm providing services to sponsors investing in infrastructure projects across all sectors: transportation, social infrastructure, energy, and other industries. Resonance Advisory is managed by two Managing Partners who bring a long international investment banking experience and are Project Finance specialists. They have successfully closed infrastructure financing in all sectors, either as Financial Advisors or as lead arrangers, throughout Western and Eastern Europe, North America, Latin America, Africa, Middle East, as well as Asia-Pacific.
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