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Syneria advises Amarenco for the acquisition of a PV plant located in Pierrefonds, Réunion Island

Syneria has advised Amarenco for the acquisition of a 3MWp PV plant located in Pierrefonds, Réunion Island (French overseas department). The ground mounted PV plant is located next to Pierrefonds airport and has been operational since 2010. Its operational record and historical performances were appraised by Syneria in order to assess past and future operational conditions. This detailed analysis fed the bankable energy yield assessment based on operational data, one of the main inputs used for the financial modelling of the project. An important aspect of this assignment was the operation and maintenance contract review and the support provided to the lender, CEPAC (Caisse d’Epargne group), which refinanced the project.

Pierre François Drouin, Syneria’s co-founder and project manager for this Due Diligence: “it was a pleasure working with Amarenco’s team and CEPAC, two major market players in France, on this transaction. PV plants in this geographical region of the world, come with a certain set of challenges related to climatic conditions and environmental constraints, which needs to be carefully assessed to minimise the risk for the parties”.

Charles Cadoux, Chief Investment Officer and Alexandre Irrissou, Head of Asset Management, Amarenco: “we are pleased with the work of Syneria, they have a deep understanding of PV technologies and market standards. We really appreciated their solution-oriented and pragmatic approach”.

About Amarenco :

A producer of photovoltaic energy since 2013, the Amarenco group, which today employs 130 people, is located in mainland France, the French overseas departments and territories, Ireland and Oman. With more than 1,000 projects completed, 230 MW in operation and 1.7 GW in development worldwide, Amarenco is a key player in the energy transition in France and abroad.

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