Tevali Partners is proud to have advised Vents du Nord Group on the structuring of an innovative €20 million development financing facility to support the group’s transformation into an Independent Power Producer (IPP). The financing, provided by CIC Private Debt, will secure the development of VDN’s pipeline of wind and solar projects across France, representing a total capacity of 465 MW.

The financing will allow VDN to fund key development activities including project development costs, working capital, corporate overhead, and early construction expenditures ahead of project-level senior debt financing. This structure also offers VDN the flexibility to either sell or retain projects for long-term ownership as they reach RTB status.

This transaction highlights Tevali Partners’ ability to deliver tailor-made, non-dilutive financing solutions for renewable energy developers, unlocking value from early-stage pipelines while preserving long-term strategic flexibility. This success is also a collective achievement, made possible by the valuable contributions of the following advisors who played a key role in this operation: Jeantet, Klein Wenner, Greensolver, and Finance Consult.

Steven Kassab and Hubert de Beaufort, respectively Partner and Senior Analyst at Tevali Partners, commented: "We are proud to have supported VDN in this strategic step of its transition to an IPP model. This innovative structure reflects our ability to design and execute flexible financing solutions adapted to the specific needs of mid-cap developers in the energy transition ecosystem."

Matthias Munninger and Quentin Ferret, respectively Head of Finance & Project Implementation and Senior Finance Manager at VDN: “We would like to thank Tevali for the very trustful and constructive cooperation! The successful completion of the development financing after months of intensive work underlines the confidence of the market and our lender CIC Private Debt in our high-quality and diversified pipeline, our excellent team and our IPP strategy.  This will enable us to focus intensively on the profitable further development of our pipeline in a challenging environment and the expansion of our IPP portfolio.”

This transaction further strengthens Tevali Partners’ position as a reference player for independent financial advisory in the European renewable energy sector, with a strong focus on mid-market developers and tailored financing strategies.

Advisors involved in this financing included:

Jeantet, drafting of credit documentation and lender’s legal advisor 
Klein Wenner, sponsor’s legal advisor
Klein Wenner, legal, tax, and regulatory auditor
Greensolver, technical advisor
Finance Consult, financial model auditor