European projects refinance amid low rates

Author: Lizzie Meager | Published: 1 Apr 2016

The recent refinancing of a portfolio of solar power plants in France is the latest in a wider trend, as the European market makes the most of record-low interest rates.

Made up of 15 French photovoltaic (PV) power plants, the portfolio required an innovative structure that would suit each project within. The deal consisted of both project finance and acquisition finance sub-structures, as well as two dedicated tranches for institutional investors.

"This refinancing really follows a wider trend we’ve seen, where owners are taking advantage of the current market environment and improving their terms," said François April, partner...