Ashurst advises Bpifrance and La Banque Postale on a c. 90 million refinancing of 350 rooftop solar PV located in 4 European countries

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    Ashurst has advised Bpifrance and La Banque Postale on a non-recourse refinancing in favor of Helexia for a portfolio of 350 operating rooftop solar PV located in France, Italy, Portugal and Spain. The facility is structured as incremental and includes energy efficiency projects as well as more geographies (Belgium, Hungary, Romania and Poland).

    Acquired by listed company Voltalia in 2019, Helexia is specialised in solar roofing and energy efficiency solutions.

    Ashurst team was led by Partner Mark Barges, who was supported by:

    Portuguese law firm Vieira de Almeida co-advised the lenders on Portuguese law aspects and was led by Partner Ana Luís de Sousa (Energy), Associates Maria Gorjão Henriques and Vanessa Cardoso Pires; Partner Hugo Moredo Santos (Finance) and Partner Francisco Cabral Matos (Tax).