Orrick Advises on Refinancing of Curbans Photovoltaic Plant

September.19.2019

Orrick advised Engie, Mirova (sponsors), Caisse d’Epargne CEPAC (arranger, lender, agent, and account bank), Bpifrance Financement (lender), and Natixis (hedging bank) on the refinancing of the existing indebtedness of the Curbans photovoltaic plant and its equity reorganization.

Located in the Alpes-de-Haute-Provence, this photovoltaic power plant is one of the first Engie photovoltaic plants. With an installed capacity of 24.45 MWp, it produces 33 million KWh each year, equivalent to the annual electricity consumption of 10,000 households.

Engie, through its subsidiary Engie Green France, is a leading player in the renewable energy sector, and contributes to the development, financing, construction and operation of numerous solar and wind farms in France. Mirova is an asset management firm and a key player in sustainable finance, providing its clients with investment solutions that combine the pursuit of financial performance with environmental and social impact.

The Orrick team included Amaury de Feydeau, Paul Loisel, Giovanbattista Gianni and Grégoire Jouffroy on the finance aspects; Jean-Luc Champy, Quirec de Kersauson and Janina Dahmouh on the project aspects; and George Rigo, Gergana Rodriguez-Bacarreza and Cécile Renaud on the corporate aspects.