To enable it to continue its investments in new electricity production plants green, the Group Quadran has completed its first Euro PP Green format loan in the amount of 46 million euros. The transaction was arranged by Credit Agricole CIB, one of the world leaders on the market of Green and Sustainable Bonds, and at the initiative of Crédit Agricole’s Regional banks.
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This private placement with a maturity of 5 years, with a fixed coupon and was placed with investors, French and international. The funds will help finance a construction program of new projects (solar and wind) of approximately 134 MW and prevent the emission of 107 kT of CO2. The programme will be subject to a regular reporting according to the principles of the Green Bond (the” Green Bond Principles “).
August & Debouzy and CMS Bureau Francis Lefebvre acted as legal counsel of the Quadran, and arranger.
With 47 onshore wind farms, 16 solar power plants on the ground, 97 solar roofs, and 9 hydroelectric power plants, the Group Quadran has enjoyed sustained development since the beginning of 2017 and has passed several thresholds symbolic :
– more than 1 000 GWh of green energy produced,
– electricity production for nearly a million people,
– €1 billion in cumulative invested in facilities of production of renewable energies.
The objective of horizon 2020 is to harness 1000 MW each year.
The Group Quadran is also engaged in the offshore with the project Eolmed that will be built in the Mediterranean off the coast of Gruissan from 2020 and it develops an activity of marketing of green electricity through its subsidiary, Energies Free.
About Group Quadran
The Group Quadran is an energy provider 100% renewable. It has 4 major poles of competence : the production of electricity from renewable sources (development of power plants and generation of electricity by wind/solar/hydro /biogas-biomass) ; the sale of electricity (aggregation and direct marketing to organisations, institutions and companies via its subsidiary, Energy-Free) ; the development and investment of electricity production to foreign countries with third parties via Quadran International ; the development of offshore operations including wind farm project Eolmed that will be built in the Mediterranean off the coast of Gruissan from 2020. The Group Quadran has become a key player solutions renewable energies at the service of the territories, with 200 points of production distributed in the region. Thanks to a team of about 270 employees spread across 15 agencies and subsidiaries in metropolitan France, overseas and abroad, the Group Quadran covers the whole national territory and has a local anchorage fort. This proximity ensures a very high quality of upstream consultation of the construction equipment and high reactivity at operating power plants. After the acquisition of Enel France, the Group’s turnover Quadran amounted to 220 million euros in a full year.
www.quadran.fr
About Credit Agricole Corporate and Investment Bank (Crédit Agricole CIB)
Crédit Agricole CIB is the bank of financing and investment the Crédit Agricole Group, the 11th largest banking group in the world by Tier 1 capital (The Banker, July 2016). Crédit Agricole CIB offers its customers a range of products and services in the fields of capital markets, investment banking, structured finance and commercial banking. The Bank supports clients on the international markets thanks to its global network in the main countries of Europe, the Americas, Asia-Pacific and the Middle East and North Africa.
Credit Agricole CIB is a global leader on the market of Green and Sustainable leader and pioneer in this market.
For more information, www.ca -cib.fr
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