Ashurst advises Bpifrance and La Banque Postale on a c. 90 million refinancing of 350 rooftop solar PV located in 4 European countries
Ashurst has advised Bpifrance and La Banque Postale on a non-recourse refinancing in favor of Helexia for a portfolio of 350 operating rooftop solar PV located in France, Italy, Portugal and Spain. The facility is structured as incremental and includes energy efficiency projects as well as more geographies (Belgium, Hungary, Romania and Poland).
Acquired by listed company Voltalia in 2019, Helexia is specialised in solar roofing and energy efficiency solutions.
Ashurst team was led by Partner Mark Barges, who was supported by:
- in France: Senior Associate Cédric Gamambaye Dionmou, and Associates Alix Damecour and Santina Aboue (Finance); Partner Jacques Dabreteau, Senior Associate Noelene Grenard and Associate William Toutain (Projects) ; Partner Emmanuelle Pontnau-Faure and Senior Associate Solène Guyon (Tax); Partner Philippe None and Associate Sophie Plaquevent (Real Estate); Counsel Charles-Douglas Fuz, Senior Associate Mariana Simon and Associates Louis Rainguenet and Jordan Ohayon (Corporate) and Partner Christophe Lemaire and Associate Hélène Fricaudet (Competition) and Senior Associate Annabel Massey (Derivatives);
- in Italy: Partner Carloandrea Meacci, Associate Andrea Enni and trainee Mariano Carlo Rossi (Finance and Real Estate); Partner Elena Giuffrè and Senior Associate Gianluca Di Stefano (Projects); Partner Michele Milanese and Associate Federico Squarcia (Tax); and
- in Spain: Partner Jose Christian Bertram, Associates Juan Aznar and Lucía Ramirez (Finance); Partner Andrés Alfonso and Senior Associate Camilo Luna (Projects) and Partner Ismael Fernandez and Associate Laura Sanchez (Real Estate).
Portuguese law firm Vieira de Almeida co-advised the lenders on Portuguese law aspects and was led by Partner Ana Luís de Sousa (Energy), Associates Maria Gorjão Henriques and Vanessa Cardoso Pires; Partner Hugo Moredo Santos (Finance) and Partner Francisco Cabral Matos (Tax).
