PE-Backed French Solar Plant Gets €80M From German Banks

Law360, New York (January 14, 2013, 4:24 PM EST) -- A French solar power plant backed by German private equity firm Aquila Capital Partners LLC has secured €80 million in debt financing from Helaba Landesbank Hessen-Thuringen and BayernLB, the banks said Monday.

Helaba and BayernLB are serving as lead arrangers on the financing, which will back a 24-megawatt solar complex near Paris. Hamburg-based Aquila Capital acquired the solar farm earlier this year from EDF Renewables SA, the clean energy arm of France's state-owned power company. 

The investment comes from one of three funds Aquila launched in...
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