Tevali Partners is pleased to announce that it has advised Watt&Co on the structuring of a €60 million junior financing facility provided by a pool of lenders including Arkéa Asset Management and CIC Private Debt. This transaction aims to support the development of a renewable energy portfolio in France with a total capacity of 1.5 GW.

The portfolio is composed of 15% rooftop solar, 83% agrivoltaics and ground-mountedand 2% hydro assets. As of March 31st, 2026, it includes approximately 130 MW of operating and under construction assets, as well as around 100 MW of projects currently under financing alongside a development pipeline of around 1.3 GW. Furthermore, this portfolio is completed by a BESS strategy that has been underway for several years and integrated into projects development, enabling future co-location of batteries with projects.

The financing will notably enable the refinancing of existing junior debt facilities and a revolving credit facility, as well as financing the equity needs to be injected to fund capital expenditures of projects expected to be reach operating stage within the next 12 to 18 months. This structure provides Watt&Co with enhanced financial flexibility to accelerate the deployment of its pipeline while strengthening its IPP strategy.

“This financing illustrates the positioning of our junior fund Arkéa Euro Impact Transition Infrastructure Debt 2, which aims for a positive impact by supporting the acceleration of the energy transition in Europe,” says Charlotte Lavit d’Hautefort Co-Head of the Infrastructure Transition Platform at Arkéa Asset Management.

"CIC Private Debt invested through its CIC Transition Infra Debt 2 fund, which focuses on financing experienced and integrated developers such as Watt&Co, whose impressive track record it has had the opportunity to appreciate." says Sylvie Chaussin, Head of Infrastructure Debt at CIC Private Debt.

The management of Watt&Co would like to thank its financing teams, and the whole Andera team for their support throughout this transaction.

Michael Tobelem, Lucas Marie, Blaise Saradin, respectively co-founder, Vice-President and Senior Analyst at Tevali Partners, commented: “We are proud to have supported Watt&Co in structuring this strategic financing. This transaction highlights our ability to design tailored financing solutions that address the specific challenges of fast-growing developers. It provides Watt&Co with the financial visibility and flexibility required to efficiently execute its pipeline and reinforce its positioning as an IPP.”

This transaction further demonstrates Tevali Partners’ ability to deliver bespoke financing solutions for renewable energy platforms, supporting their growth and long-term strategic ambitions.

Advisors involved in this financing included: 
- BCLP, lenders’ legal advisor and drafting of credit documentation 
- Bentam, sponsor’s legal advisor 
- 3E, technical advisor