- The company signs an agreement for the issuance of simple bonds guaranteed through Enerfip, a crowdfunding investment platform, leader in France and specialized in the energy transition.
- Enerside will allocate the funding to continue the development of its own photovoltaic projects.
Barcelona, 18 May 2023. Enerside Energy, a Spanish company vertically integrated in the photovoltaic solar industry, has closed an agreement for the issuance in France of simple bonds for an amount of up to €5M with Enerfip, the leading investment platform in France and specialized in the energy transition.
The issuance, which will be carried out in accordance with the criteria of crowdfunding services, will allow Enerside to continue the development of its own projects.
As a guarantee of the operation, Enerside will provide the Chilean company Millaray Fotovoltaica, SpA, which is the company where the Renaico project (6.8 MWp) is transported. This project is already built entirely with Enerside’s own funds and has long-term recurring revenue visibility. The Renaico project (I and II) totals an installed capacity of 6.8 MWp and is expected, according to the design of the facility, to avoid the emission of 5,395 tons of CO2 annually.
The main features of the operation consist of an issue in France of simple bonds for an amount of up to €5M, with a maturity of 3 years and an applicable interest rate of 7.5% per annum.
Enerfip is the European leader in renewable energy crowdfunding and has the European passport to operate in Spain since December 2022. It is an investment solution dedicated to the energy transition and proposes an innovative way to save and choose what type of projects to finance. To date, it has invested more than 330 million euros in more than 400 projects, offering innovative financing solutions for important companies in the sector such as: TotalEnergies, Engie Green, Amarenco, Reden Solar, Prosolia or Baywa re.
The operation has been advised by the specialized firm PPCP Legal & Finance.
Enerside is a vertically integrated company in the photovoltaic solar energy sector, which stands out for its strong industrial profile and geographical diversification in the markets with the greatest potential for solar energy (Spain, Italy, Brazil, and Chile).
The company is currently immersed in promoting the development of 5.5 GW in differentiated, highly qualified projects with an advanced degree of maturity that give it an excellent position to capture demand growth and a great capacity to generate value, through the sale of projects in the RTB (Ready to Build) phase and with the direct exploitation of part of the pipeline as an independent energy producer (IPP).
More information at www.enerside.com
Tel. 616 952 066