June 7 (Renewables Now) - French green power producer Quadran has successfully raised EUR 46 million (USD 51.8m) to secure financing for a 134-MW pipeline of wind and solar projects.
French bank Credit Agricole CIB helped arrange this green loan under the Euro Private Placement (Euro PP) charter. It matures in 5 years and will be subject to regular reporting under the Green bond principles.
Since the start of 2017, Quadran has commissioned seven new onshore wind farms, seven solar power plants and a hydro power plant in France, adding a total of 82 MW to its assets.
Quadran now manages an installed capacity of nearly 500 MW, consisting of 47 wind farms, 16 ground-mounted solar power plants and 97 rooftop PV installations as well as 9 hydro power stations. Via its Méthanergy unit, the company operates 12 MW of bioenergy facilities, nine of which produce biogas from household waste and one methanisation unit which recycles organic matter into biogas.
Quadran has also ventured into offshore wind power. Last year, it formed the EolMed consortium with which it won France's tender for pilot floating offshore wind farms with a 24 MW project in the French Mediterranean Sea.
(EUR 1 = USD 1.126)