Everoze advises Crédit du Nord on Eco Delta Hauts de Lune wind farm

Published April 2020

Everoze was delighted to advise Crédit du Nord on the technical side for the debt financing of the 11MW French onshore Hauts de Lune wind farm. The wind farm developed by Eco Delta consists of 5 Vestas turbines V110 2.2MW for a total installed capacity of 11MW. Eco Delta was supported by M&A and financial advisor Envinergy for the coordination of the financing process.

Philippe Camo, financing deputy director at Crédit du Nord: “It has been a pleasure to work with Arnaud and the Everoze Team. Their professionalism and in-depth industry knowledge was crucial for the success of this transaction.”

Andrea Jouven, CEO of Eco Delta added: “We are particularly happy to have been able to work with Everoze’s team as technical advisor for the project financing of Hauts de Lune. Their speed of action, their expertise and their professionalism allowed us to achieve this transaction in time.”

Everoze’s scope of work included full energy yield assessment alongside a technical review of consenting issues, land rights, grid, tariff, technology and design, structural and environmental suitability, construction and operation contracts, construction program and financial model inputs.

Elodie Geffray, transaction manager at Envinergy: “Our role was to advise Eco Delta on the financing structuring with both a bridge loan and a long term project finance. As an efficient financing process also depends on the quality of the advisors, Envinergy very much appreciated the professionalism and the solution-centric approach of Everoze throughout the process.”

While the project closing occurred in April 2020, project commissioning is scheduled for Q1 2021. During this period Everoze will support the lender with construction monitoring work including desktop review, site visits and wind turbine inspections at take-over. Everoze’s work has been led by French partner Arnaud Thomé supported by a broader project team including Maud Vachon, Alexander Klein and Brieuc Pey.