Everoze advises Bpifrance on Opale EN first onshore wind farm project
Everoze was delighted to advise Bpifrance on the debt financing of Mont de Villey wind farm located in East of France and made of three GE3.8-137 wind turbines for a total capacity of 11.4MW.
Everoze’s scope of work included technical review of permits, grid, tariff, land, technology, design, environmental constraints, construction and O&M contracts, energy yield and financial model.
Alexis Courtillon new markets, project finance and M&A director at Opale Energies Naturelles indicated: “Everoze advised the lenders with respect to the project financing of our onshore wind park. It was the first time that we work with them. Arnaud and his team successfully managed to deliver high quality reviews at the right time despite a tight timetable. Clearly this dedication towards the project greatly contributed to our achieving financial close before year end and meeting our ambitious target.”
Everoze employed its industry leading Due Diligence on Demand process, ensuring a robust risk assessment, smooth communication and continuous identification of open or risk items. Through the process, efficient mitigation measures were discussed and agreed between the parties, allowing the technical risk profile of the projects to reach an acceptable level for Bpifrance within the challenging project program.
Financial close occurred in December 2019. Following financial close, Everoze scope of work consists in construction monitoring, drawdown approvals, site visits, WTG inspections and take-over approval. Wind farm commissioning is scheduled in Q1 2021.
Everoze’s work has been led by French partner Arnaud Thomé supported by a broader project team including Brieuc Pey, Maud Vachon and Alexander Klein.