Bouches-du-Rhône - Invest in the energy transition of your territory

Founded in 2008, Solveo Energies is a French independent renewable energy producer. Based in Toulouse, the company develops, finances, builds, and operates photovoltaic and wind farms of all sizes. Today, it offers citizens the opportunity to participate in the financing of a photovoltaic power plant on the Berre site of the company “Rector Lesage” located in the commune of Berre l’Étang. This power plant will take the form of storage canopies, whose concrete structures will be built by Rector Lesage.

The installed capacity will be nearly 2.6 MWp, with an estimated annual production of more than 3.6 GWh.

It is worth noting that this power plant is awarded a call for tenders by the Energy Regulatory Commission and benefits from a guaranteed electricity purchase price for 20 years. All authorizations have been obtained, and the project is free from any legal challenges.

The offer

Details and characteristics of the offer

Invest a portion of your savings in the energy transition.

As part of the national tender of the Energy Regulatory Commission (CRE), the project owner undertakes to ensure that at least 10% of the total project financing is provided by the local residents.

The photovoltaic power plant is managed by the company SPV RECTOSOL ENERGIE, owned 85% by Solveo Développement (parent company of Solveo Energies), and 15% by the company RECTOR LESAGE, as shown in the organizational chart below.

The project

What will your investment fund?

Through this crowdfunding campaign, Solveo Energies aims to involve citizens in the energy transition close to home by offering them the opportunity to invest in the development and construction of the “Berre l’Étang” photovoltaic power plant. By allowing everyone to participate in this project, Solveo Energies intends to redistribute part of the wealth generated by photovoltaic installations so that residents can benefit from the economic benefits generated by the exploitation of a common natural resource: the sun.

This is an opportunity for each citizen to inform themselves and get involved at their own level in the development of renewable energies, contributing collectively and directly to the success of the energy transition of our territory.

This project will be equipped with DMEGC modules as well as Huawei inverters and represents a total investment of more than 3 million euros.

Who can invest?

In accordance with the specifications of the CRE, this fundraising is reserved for residents of the department where the project is located: Bouches-du-Rhône (13) and its neighboring departments: Gard (30), Var (83) and Vaucluse (84).

Impact

What positive impact will your investment have?

Project owners

Who will implement the project?

Solveo Energies

France

Solveo Energies is a major player in the energy transition. Solveo Energies develops, finances, builds, and operates photovoltaic and wind farms of all sizes.

The development of all the group’s activities in France and internationally is based on the expertise and recognized know-how of women and men convinced by renewable energies for over 20 years. More than 320 production sites are in operation. In addition to its headquarters based in Toulouse, the group has 7 agencies in France (Paris, Nantes, Bordeaux, Lyon, Montpellier, Nice, Strasbourg), and also deploys its activities internationally.

Solveo Energies is certified ISO 9001, ISO 14001, and ISO 45001, and has been awarded the Silver Medal of the Ecovadis label for 3 years for its RSE (Corporate Social Responsibility) performance in the fields of the environment, social and human rights, ethics, and responsible purchasing.

The investment fund Mirova has recently entered the group’s capital, thus contributing to strengthening its financial structure.

Our analysis

What are the risks and proposed mitigation measures?

A word from the analyst

Tenders for Renewable Energy (CRE)

Promoting the Development and Competitiveness of Renewable Energies in France

To enable us to achieve, by 2030, the objective of producing 32% of our energy consumption through renewable energies, the State had to implement a framework that promotes the deployment of these energies and the massive investments associated with them, while ensuring their competitiveness against conventional energies. This is achieved through national tenders launched by the Energy Regulatory Commission (CRE), an administrative authority attached to the Ministry of Ecological and Solidary Transition responsible for implementing France’s energy policy. The CRE has established rules aimed at favoring projects with the most competitive tariffs. The predominant criterion for these tenders is therefore the purchase price, which allows us to assess the ability to compete with conventional energies. The selection of the project is also conditioned by its carbon footprint and by the environmental relevance of its implementation site.

Mobilizing Citizens for the Energy Transition of Their Territories

As part of the energy transition law, the State indicated that it wanted to encourage the investment of citizens and local authorities in renewable energy projects implemented in their territory. By submitting their application, the project leader can commit to opening their project to participatory financing or investment. In return - and subject to compliance with the conditions defined by the terms of reference - the CRE grants them a tariff bonus on the purchase price of the electricity produced by the project. The application of the bonus allows the project to be even more competitive when applying for the tender, as the project leader can then request an even lower electricity purchase price. This decision can be decisive in the selection of the project, since the score of each candidate is first and foremost conditioned by their ability to request the lowest possible price.

Construction risks

Delay

Risk of construction delays or failure to complete the work

Mitigation methods

The development company's team has extensive know-how and experience in carrying out this type of project.

Counterparty risk

Counterparty / Electricity Purchase Default

Risk of default by the counterparty on the purchase of electricity, which would jeopardize the project's cash flow.

Mitigation methods

Le tarif d'achat de l'électricité est sécurisé sur 20 ans par un contrat signé avec EDF

Development risk

Authorizations

Risk relating to authorizations issued to the company and land, and third-party appeals against authorizations issued.

Mitigation methods

The development company's team has extensive know-how and experience in carrying out this type of project.

Le projet est lauréat d'un appel d'offres national, et les permis de construire ont été obtenus et purgés de tous recours

Operating risks

Bad operation

Risk of poor project operation, faulty workmanship or machine breakdown resulting in poor performance.

Mitigation methods

The development company's team has extensive know-how and experience in carrying out this type of project.