Crédit Industriel et Commercial is once again acting as arranger, lender and hedging bank for Tenergie, a French developer and producer of renewable energy that owns and manages 1,500 solar power plants and wind farms, with an installed capacity of 680 MW.

The €78 million deal covers the financing of a varied portfolio of photovoltaic power plants, including roofs on existing buildings, agricultural sheds, car park shaded areas and ground-mounted plants.

Located throughout France, these renewable energy plants illustrate Tenergie's local roots and help to accelerate the energy transition in and with the regions.

This financing operation is also part of the approach adopted by the Crédit Mutuel Alliance Fédérale group in its capacity as a “Société à mission”, aiming to be a major player in the ecological transition and a supporter of innovative players in our regions.

This solidarity operation, labelled "Synergie Renouvelable", resulted in a collective donation of just over €100k from all the parties involved in the operation - Tenergie, its financial partners BPCE Energéco, BPI France and CIC and the law firms Jeantet and Bryan Cave Leighton Paisner.

Tenergie is a founding member and associate partner of the renewable energy endowment fund, whose mission is to centralise funds and skills to provide financial and technical support to NGOs carrying out humanitarian projects to provide access to energy throughout the world. Through the "Synergie Renouvelable partners' charter", Tenergie has undertaken to donate at least 0.15% of the amount of one of its financial transactions over the next 12 months to the renewable energy sector's solidarity fund