Q Energy has finalized the financing for the Lac de Longchamps plant, the largest floating solar power plant in Europe, located in Perthes, Haute-Marne. This senior financing, amounting to €44 million, was secured from a banking consortium comprising BPI France and Crédit Agricole. Tevali Partners is proud to have advised Q Energy on this transaction, which marks a significant milestone in the expansion of floating solar power in Europe.

Steven Kassab, co-founder of Tevali Partners, remarked: "The financing for the construction of this solar power plant is built on solid fundamentals, underpinned by two CRE tenders that guarantee the electricity sale price for the next 20 years. We are confident that floating solar power has substantial potential in Europe, thanks to its reduced landscape impact and limited CAPEX. To finalize this financing, we also leveraged the working relationships developed during previous transactions for Q Energy."

This financing is groundbreaking as it supports an innovative technology still in its early deployment stages in Europe. Construction of the plant began in October 2023 and is scheduled for completion in the first quarter of 2025. The plant will have a production capacity of 74.3 MWp, corresponding to an annual production of 81.3 GWh.