Linklaters advises Société Générale, CEPAC, BPI and Natixis on the project financing of a portfolio of three photovoltaic power plants

Linklaters advises Société Générale, CEPAC, BPI and Natixis on the project financing of a portfolio of three photovoltaic power plants located in France and developed under the September 2011 public call for tenders 

Linklaters advised Société Générale (as Lender, Mandated Lead Arranger and Hedging Provider), CEPAC (Caisse d'Epargne Provence-Alpes-Corse) and Bpifrance Financements (as Lenders and Arrangers) and Natixis (as Hedging Provider) on the project financing of a portfolio of three photovoltaic power plants with a total capacity of 25.4 MWp located in the South-West of France.

This portfolio, owned by a Neoen subsidiary, was developed under the call for tenders for large projects launched by the French Commission de régulation de l’énergie in September 2011.

The Linklaters team was led by François April, Partner in banking and projects. He was assisted by Samuel Bordeleau and Alex Bluett on banking and projects matters. Fanny Mahler advised on public law aspects, and Amaury Chautard advised on real estate matters.

Linklaters in Paris is regularly appointed by banks and sponsors alike in major transactions in the energy sector in France, including renewable energy.

On the international front, Linklaters Paris has also recently advised commercial lenders and export credit agencies on the landmark US$1.4 billion equivalent multi-currency limited recourse project financing of the Jorf Lasfar IPP Expansion in Morocco, and currently advises the lenders on the Safi IPP in Morocco. It has also advised GDF Suez on the merger of its international energy division with International Power and on the acquisition by China Investment Corporation (CIC) of a 30% stake in its Exploration & Production division and of a 10% stake in the LNG Atlantic liquefaction plant in Trinidad and Tobago.

Linklaters is also one of the first firms to have created a team specifically dedicated to renewable energy within its international network, and is an active member of the French SER (Syndicate of Renewable Energy).

Other legal advisors
DePardieu Brocas Maffei & Associés advised the Sponsors.