HSH Nordbank finances another solar farm in France

Energy, Finance — By on October 24, 2012 at 1:24 PM

“Avon-les-Roches” with a total capacity of 10. 8 MWp

HAMBURG/KIEL After recently providing funding for part of the largest solar farm in Europe, in Toul, HSH Nordbank is now financing a further major project in the region, “Avon-les-Roches”. This solar farm, which was developed by the utility EDF Energies Nou-velles, has a total nominal capacity of 10.8 MWp. It has been bought by the independent investment company Aquila Capital (Hamburg), which has linked it to special fund for insti-tutional investors. HSH Nordbank has made long-term project finance amounting to almost EUR 32 million available to Aquila Capital. Aquila Capital was assisted in structuring the project by the transaction consultant LNF Energy (Hamburg), which specialises in renewa-ble energies. Die HSH Nordbank was advised on the financing by Linklaters.

“HSH Nordbank was a reliable and expert partner for handling the transaction for Aquila Capital and we shall be pleased to work together with them again in the future, ” says Boris Beltermann, the Aquila Capital managing director responsible for the solar segment. “In financing this new solar farm in France we have succeeded in further improving our position in this important European market, ” says Lars Quandel, Head of the Renewable Energy department at HSH Nordbank.

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