WFW advises Société Générale on €350m French onshore wind farm portfolio financing

24 January 2019


Watson Farley & Williams (“WFW”) advised Société Générale in its role as lead arranger and lender for syndicate of banks on a €350m financing made available to independent French renewables operator Valorem for the construction, development and commissioning of a portfolio of onshore wind farms across France with a total installed capacity of 180 MW.

The portfolio, which has been under development for the past 36 months, will produce 542 GWh pa and give the Valorem group’s assets an overall total installed capacity of 400 MW.

In addition to Société Générale, the syndicate of lenders included La Banque Postale, Bpifrance Financement and the European Investment Bank

The WFW Paris team advising Société Générale was led by Partners Laurence Martinez-Bellet (Project Finance) and Laurent Battoue (Public law / Project contracts). They were assisted by Senior Associate Jonathan Djenaoussine and Associate Yassine Allam on the project finance aspects of the transaction, and Associates Antoine Bois-Minot, Michael Haddak, Noëlène Grenard and Marine Yzquierdo on regulatory matters and project contracts. Senior Associate Patricia Hass provided real estate advice.