2 minute read | January.24.2024
Orrick advised LANGA INTERNATIONAL, independent developer and producer of renewable electricity in France and internationally, on entering a new phase in its development with a second round of funding from SWEN Capital Partners, as well as from Bpifrance and RGREEN INVEST, historical financial partners of founder Gilles Lebreaux.
From its origins in 2008, when the Langa Group was solely dedicated to the French market, LANGA INTERNATIONAL operates on a dual model, as both a developer and producer of renewable energies (IPPs). Since its creation, the company has already developed 800 megawatts of renewable energy projects, mainly in Europe and in several island territories.
The company’s founder, a pioneer and visionary in the renewable energies sector, has implemented the appropriate development efforts to enable the company to now boast a significant portfolio of multi-technology projects (photovoltaic, storage, wind and hydro) with a total capacity of over 6 gigawatts, including 400 megawatts already in operation or ready for construction.
The second round of capital investment by the company’s founders, Bpifrance and RGREEN INVEST, as well as SWEN Capital Partners, will enable LANGA INTERNATIONAL to pursue its development efforts and build the most advanced projects, mainly in Europe and in island territories where the client is active.
In addition to the 85 million euros capital increase, other fundraising operations are ongoing, both in France and elsewhere, to support the company’s ambitious development plan. In December 2023, LANGA INTERNATIONAL finalized the first tranche of its bond program, which will continue into 2024.
The Orrick team advising LANGA INTERNATIONAL comprised: