Technique Solaire Group, a France-based independent renewable energy power, closed a €40 million ($47.12 million) junior debt financing with BNP Paribas Asset Management to support the growth of the company’s solar projects located in France and internationally.
The financing will facilitate the continuation of construction for two project portfolios comprising 626 solar projects totaling 392 MWp capacity: rooftop solar projects in France, ground-mounted projects in Spain and the Netherlands, and the Drakenrijk floating project in the Netherlands.
“This junior debt raising is in line with our multi-stage project financing strategy, initiated a few years ago. It also allows us to conclude a transaction with a new partner, BNP Paribas Asset Management, which I warmly thank for the quality of the work accomplished by its teams. Finally, this transaction illustrates the solidity of our model and the confidence of our financial partners in our ability to drive the energy transition,” Édouard Dazard, Director of Investments.
Watson Farley & Williams and Astris Finance served as the legal and financial advisors, respectively, to Technique Solaire on the transaction. Linklaters acted as the lenders’ legal advisor.
In November 2025, Technique Solaire signed an agreement with Iberdrola to acquire 100% of the shares of Iberdrola Renouvelables, its French subsidiary, which has a portfolio of 118 MW of operating wind projects and a pipeline of 639 MW of wind and solar projects under development in France.
In June 2024, the company announced the acquisition of ready-to-build solar projects in the Netherlands and Spain, totaling 58 MW. The deal includes the acquisition of 10 solar PV projects, of which two are located in the Netherlands and eight in Spain.
According to Mercom’s 9M and Q3 2025 Solar Funding and M&A report, large-scale project funding increased by 43% in the first nine months of 2025 compared with the same period in 2024.
