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March 30 (Renewables Now) - Renewable energy firm RP Global has closed financing for its 12-MW Le Champvoisin wind farm in France, securing EUR 23.98 million (USD 28.2m) from a consortium of French banks.
The lenders provided 20-year senior debt for the wind project, which is one of the last to benefit from a 20-year power purchase agreement (PPA) under France's DCCR E17 scheme, the company said today.
Caisse d'Epargne Aquitaine Poitou-Charentes and Caisse d'Epargne Bretagne Pays de Loire acted as lenders, and BPCE Energeco and Helia Conseil as lead arrangers.
"Profiting from one of the last government PPAs, there was no shortage of financing offers, but BPCE Energeco and Helia Conseil were our first choice, offering us competitive conditions and fitting the local context of the project," commented chief financial officer Jorge Rodriguez.
Located in the Fomperron community in the southwestern French region of Nouvelle-Aquitaine, the wind farm will feature four Nordex N117/300 turbines of 3 MW each. The turbines will be erected in the coming months and are due to come online in August.
RP Global, which is headquartered in Vienna and Madrid, says it is developing a 1-GW wind and solar pipeline in France in line with its Horizon 2024 plan.
(EUR 1.0 = USD 1.178)