Orrick Advises Banks on €200M Financing to Accelerate Neoen’s Renewable Energy Projects Across Europe

Française: Orrick conseille les Parties Financières sur la plateforme de financement pan-européenne (warehouse financing) de Neoen à hauteur de 200m€

Orrick advised a consortium of commercial and hedging banks on a €200 million warehouse financing deal that will enable Neoen to finance solar, onshore wind and energy storage projects across Europe.

THE COMPANIES

Neoen is a Brookfield portfolio company and one of the world's leading independent renewable energy producers.

THE IMPACT

This innovative transaction marks a significant step in Neoen's European growth strategy. It provides Neoen with a flexible, scalable platform to finance a diversified portfolio of ready-to-build renewable energy assets (solar PV, onshore wind and battery storage) across six European countries: France, Germany, Ireland, Italy, Portugal, and Sweden. The platform is designed to accommodate further assets, jurisdictions and financing.

The financing includes:

• a €200 million revolving credit facility; and
• an additional uncommitted incremental facility to support future growth.

The Finance Parties included BNP Paribas, BNP Paribas Fortis SA/NV, HSBC Continental Europe and ING Bank N.V.

THE TEAM

The Orrick team advising on the transaction included:

• Paul Loisel, Laure Seror, Alexandre Desroches, Inès Elkhettar and Emna Triki on the financing aspects;
• Geoffroy Berthon, Adil Kourtih and Charlotte Berrat on the public law and project contract aspects; and
• Cécile Mariotti and Maïten Le Brishoual on the tax aspects.

LEARN MORE

• Orrick's 2025 Global Offshore Wind Report
• Read More Orrick Client Results