Watson Farley & Williams (“WFW”) advised a consortium of lenders comprising Caisse d’Epargne CEPAC and Crédit Agricole Transitions & Energies on the project aspects and the preparation of a legal due diligence report regarding a portfolio of seven ground-mounted solar parks with a total capacity of 120 MW as part of a €100m financing granted to TSE, a French independent solar energy developer and producer.
The seven solar parks are spread over several French departments (Ardennes, Seine-Maritime, Cher, Nord and Loiret) and will contribute to the production of competitively priced clean, renewable energy, equivalent to the annual consumption of 65,000+ people.
Caisse d’Epargne CEPAC is a regional cooperative bank and a branch of Marseille headquartered Group BPCE. Crédit Agricole Transitions & Energies is a subsidiary of Group Crédit Agricole.
Established in 2016, TSE has 2.5 GW of assets under development and c. 300 MW in operation or under construction. Its Aphaia investment platform helps finance the growth of its ground-mounted photovoltaic projects. This financing enables TSE to strengthen its development, industrial structuring and financial stability.
The WFW Paris team that advised Caisse d’Epargne CEPAC and Crédit Agricole Transitions & Energies was led by Regulatory and Public law Partner Laurent Battoue supported by Counsel Antoine Bois Minot and Associates Juliana Brandao Marques, Catherine Masquelet, Kodou Diouf and Marie Jannet on public law, regulatory, project contracts and real estate aspects. Corporate and M&A Partner Thomas Rabain, assisted by Associates Lucile Mazoué, Mohamed Douib, Chloé Léonard and Thibaut de Toytot provided corporate expertise.
