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Syneria advises Triodos Bank and TTR Energy for the financing of 2 French wind farm (48.8MW)

Syneria was delighted to advise Triodos Bank and BPI France for the financing of 2 wind farms. The projects were developed by TTR Energy and Calycé Développement and will be built in the Grand Est Region. The Eole de la Grande Combe wind farm consists of 8 Vestas V110 2,2 MW and is located in Aillianville, while the Eole de la Plaine d’Osne wind farm will be equipped with 12 Siemens Gamesa SG 126 2,65 MW and is located in Osne le Val.

Syneria’s scope of work included technical review of energy yield assessment, permitting, grid connection, tariff, design, structural & climatic suitability, construction & operation contracts, construction program, power purchase agreement and financial model inputs. The construction of both projects has already started and will go on until Q1 2020. Syneria will also perform drawdown reporting and construction monitoring, and will inspect the wind turbines before final acceptance.

Régis DECORET, Project Manager and Syneria’s co-founder: “The deadline for Financial Close was tight and ensuring a smooth communication with the parties was key to achieve financial close successfully and simultaneously on both projects. We quickly identified the potential risks and highlighted the key ones while discussing the potential mitigation measures to lower the overall risk profile. ”

Fiona GROETAERS, Financial Manager of TTR energy , said: "Thanks to its reactivity and deep knowledge of the wind energy sector, Syneria has been the key partner to successfully respect the deadline for the closing of the wind farms"

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