A consortium comprising DIF Infrastructure III, Caisse des Dépôts and Engie' subsidiary Solairedirect, has successfully refinanced a portfolio of four photovoltaic parks located near Les Mées, Vinon-sur-Verdon and Varages for an amount of approximately 145 million euros.

The financing has been provided by Auxifip, The Bank of Tokyo-Mitsubishi Ufj, Ltd., Paris Branch, Sumitomo Mitsui Banking Corporation Europe Limited, Paris Branch and BPIFrance Financement. The Bank Of Tokyo-Mitsubishi Ufj, Ltd., Paris Branch also acted as facility agent and security agent with Caisse Régionale de Crédit Agricole Mutuel Provence Côte d'Azur as account bank.

The consortium was advised by Clifford Chance with Benjamin de Blegiers, partner, Chloé Desreumaux, associate, and Nina Yoshida, associate, on project and financing aspects, Fabien Jacquemard, counsel, and Julien Labory-Alicq, associate, on derivatives aspects and Eric Davoudet, partner, Jitka Susankova, counsel, and David Levy, associate, on tax matters.