Les Mées solar PV park 90MW, France – 2.3MW owned by Sonnedix

Les Mées solar PV park 90MW, France – 2.3MW owned by Sonnedix

Sonnedix and Natixis Energeco close Project Financing for the 2.3MW Lavansol Plant in France

22 October 2013

Paris, France – For immediate release.

Sonnedix and Natixis Energeco announce the full drawdown of a long term non recourse project financing for the 2.3MW ground mounted Lavansol M11 solar plant located on the town of Les Mees in South – East France, a region with a power supply deficit. Natixis Energeco is underwriting the project financing for an approximate total amount of Euro 7 million. The project started operation in the spring of 2012. This 2.3MW plant sits on a high plateau with high sun irradiation where over 80MW of PV plant projects are built.” We were very pleased with our experience in working with Natixis Energeco on this project financing. We look forward to continued cooperation with Natixis Energeco in other utility – scale solar projects in the near future ” says Franck Constant, President of Sonnedix. “The financing of Lavansol M11 gave us the opportunity to demonstrate our strong commitment towards key french renewable projects. We are very proud to work with Sonnedix who demonstrates highly professional and entrepreneurial values in line with our strategy” said Stephane Pasquier, executive director of Natixis Energeco.

About Sonnedix: Sonnedix is an Independent Solar Power Producer (IPP) with over 100MW of PV parks in operation and a proven track record in delivering high performance cost competitive solar photovoltaic plants to the market. Sonnedix develops, builds, owns and operates solar power plants globally.

About Natixis Energeco: Natixis Energeco, a Natixis Lease subsidiary is a key French player of renewable energy financing with almost 200 MW of PV plant. With high-level expertise and acknowledged know-how, Natixis Energeco develops a comprehensive financial package for companies and project sponsors in the form of real-estate and equipment leases or conventional loans to finance your projects.”

I’d put my money on the Sun and Solar Energy, what a source of Power! I hope we don’t have to wait until oil and coal run out, before we tackle that.

Thomas Edison in conversation with Henry Ford and Harvey Firestone, 1931