X-Elio closes a 400€ million financing to develop solar photovoltaic projects
X-Elio, a global leader in photovoltaic energy development, has recently closed a 400 € million financing agreement that will allow the company to secure the execution of its business plan and reinforce its commitment to greenhouse gas reduction and the fight against climate change.
The firm, currently owned by KKR and Brookfield Renewable Partners, is a renewable energy player specialised in the development, design, construction, maintenance and operation of photovoltaic plants worldwide. An integrated business model that offers flexibility to create value over the entire cycle.
The transaction, signed in late July, comprises a 3 year 250 million syndicated revolving credit line and a 3 year 150 million bilateral guarantee line that will allow the company to develop its significant pipeline of solar photovoltaic projects. Societe Generale played a key role in this deal acting as Mandated Lead Arranger (MLA).
This agreement proves our ability to obtain and negotiate competitive financing solutions for the development of our green projects. We are very much aware that we are in a unique position to create value in a world that increasingly requires cleaner sources of energy.
All around the world, Societe Generale’s experts develop innovative and responsible solutions as Arturo Alonso, Managing Director - Senior Banker for the Group, underlined it:
We are proud to be part of this transaction and support X-ELIO in the development of their sustainable projects, Societe Generale is fully committed to the energy transition. Our Group started financing renewable energy 20 years ago and we continue delivering a range of innovative responsible financing solutions to answer our client’s needs.
X-Elio has 16 years of experience and a proven track record as it has developed and built more than 2.8 GW since its foundation.
Since 2005, X-ELIO has designed and managed the construction of more than 78 solar photovoltaic plants in 12 countries. The company has rapidly become a recognised global player in the photovoltaic space with presence in Australia, Japan, Italy, Mexico, South America, Spain, and the USA.
As a historic banking partner for the energy sector, Societe Generale is committed to the fight against global warming, with high-level commitments to the energy transition.