Bentam represents GreenYellow on €31 million project financing.

Bentam advised GreenYellow on its €31 million financing with Caisse d'Epargne CEPAC, acting as Mandated Lead Arranger, and Natixis, acting as Hedging Bank. This financing is intended for the construction of 55 photovoltaic power plants in mainland France and the French overseas departments and territories.

GreenYellow has secured a portfolio financing covering a cumulative capacity of 32 MWp. This financing transaction, closed on 21 July 2023, consists of 3 tranches and will enable the construction of 55 photovoltaic power plants by the end of 2024, including a 2.2 MWp self-consumption plant, representing 7% of the total capacity. The annual production of these 55 plants will be equivalent to the consumption of around 10,000 homes and will avoid the emission of more than 1,800 kgCO2/year.

A tailor-made financing model has been developed to adapt to the specific features of each project, including progressive commissioning as the portfolio progresses. The portfolio is distinguished by its diversity, comprising :

- Four geographical regions: mainland France, Guadeloupe, French Guiana and Martinique in the French overseas territories.

- Two technologies: rooftop solar power plants and car park shading systems.

- A wide range of installed capacities, from 100 kWp to 11,000 kWp.

- Four types of contract for the sale of electricity: CRE Call for Tender with/without sale on the market ("Emergency Measures"), Fee-in tariff ("Guichet Ouvert") and Self-consumption.

The Bentam team for this transaction was made up of Guillaume Ansaloni, Ivanna Jhayya and Etienne Durand.