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 PartnerMark Barges, who was supported by:
- in France: Senior AssociateCédric Gamambaye Dionmou, and AssociatesAlix Damecourand Santina Aboue (Finance); PartnerJacques Dabreteau, Senior Associate Noelene Grenard and Associate William Toutain (Projects) ; PartnerEmmanuelle Pontnau-Faureand Senior AssociateSolène Guyon(Tax); PartnerPhilippe Noneand AssociateSophie Plaquevent(Real Estate); CounselCharles-Douglas Fuz, Senior Associate马里亚纳西门and AssociatesLouis Rainguenetand Jordan Ohayon (Corporate) and PartnerChristophe Lemaireand AssociateHélène Fricaudet(Competition) and Senior AssociateAnnabel Massey(Derivatives);
- in Italy: PartnerCarloandrea Meacci, Associate Andrea Enni and trainee Mariano Carlo Rossi (Finance and Real Estate); PartnerElena Giuffrèand Senior Associate Gianluca Di Stefano (Projects); PartnerMichele Milaneseand Associate Federico Squarcia (Tax); and
- in Spain: PartnerJose Christian Bertram, Associates Juan Aznar and Lucía Ramirez (Finance); PartnerAndrés Alfonsoand Senior Associate Camilo Luna (Projects) and PartnerIsmael Fernandezand 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).
