Supporting a key growth milestone for a French renewable energy company

As Europe faces mounting challenges related to energy security, price stability, sustainability, and the objective of achieving carbon neutrality by 2050, the European Union has made the transition to a resilient, low‑carbon energy system a strategic priority. This commitment has been further reinforced by geopolitical tensions and the energy crisis. This EU’s shared roadmap builds on the Energy Union framework⁽¹⁾, the European Green Deal⁽²⁾, and the REPowerEU plan launched in 2022, which aims to reduce dependence on fossil fuels through energy savings, diversification of supply, and accelerated deployment of renewable energy.

Solar power and BESS: a growing importance for Europe

In this context, photovoltaic (PV) energy plays an important role as one of the fastest renewable sources to deploy. It serves as a lever for decarbonizing electricity generation while reducing reliance on energy imports. However, the rapid expansion of solar capacity increases the need for flexibility in the power system due to the intermittent nature of solar generation. As a result, Battery Energy Storage Systems (BESS) are becoming increasingly prominent. The EU is progressively recognizing BESS as fully‑fledged energy assets capable of enhancing grid flexibility and strengthening security of supply.

REDEN, a fast‑growing French company in solar energy and energy storage

Founded in 2008 in Lot‑et‑Garonne, France, the REDEN Group is an independent energy developer and producer specializing in PV power plants and electricity storage. The Group currently operates 1.1 GW of installed capacity across Europe, Central America, and Latin America, with core European markets in France, Italy, Germany, and Spain. The company has recently reached a major milestone to support its ongoing expansion and accelerate its contribution to the deployment of low‑carbon energy solutions in Europe, through the completion of a EUR 1.1 billion pan‑European refinancing.

Putting our expertise at the service of renewable energy development

Societe Generale assumed the role of Lender in this complex transaction, combining long‑term financing structure, a multi‑country asset portfolio. Leveraging its deep financing and advisory expertise in the renewable energy sector, the Bank delivered a bespoke and scalable solution tailored to REDEN’s ambitions and need for operational flexibility, thereby supporting the company’s long‑term growth and future investments.