TSE obtains funding of 11 million euros for its agrivoltaic power plants.

At the end of 2023, TSE finalized a financing of 11 million euros with BCPE Energeco. This financing is characterized by a mixed portfolio of CRE, CPPA and UPPA from reputable buyers offering a diversified stream of income.

TSE, an independent French solar energy producer, has successfully completed 2023. Funding of 11 million euros was obtained from BPCE Energéco, making it possible to refinance its first four agrivoltaic canopies while contributing to the carbon-free energy transition. TSE aims to develop 10
GW of solar projects within 10 years in France and to confirm its position as an independent reference player on the French market.

Through this financing, BPCE Energéco is positioning itself on one of the most innovative technologies in the agrivoltaics sector with demonstrated maturity and with initial agronomic results. All of these solar energy projects, with a total power of 11 MWp, are developed, built and operated by TSE and are located in Amance (Haute-Saône), Brouchy (Somme), Souleuvre-en-Bocage (Calvados) and Verdonnet (Côted'Or).

This financing is characterized by a combination of electricity sales contracts with a supplementary remuneration contract with CRE, a PPA with Biomérieux and two short-term UPPAs. Mathieu Debonnet, President of TSE, said: “I would like to thank BPCE Energéco for its investment in the TSE project. This contribution plays an essential role in the development of our agrivoltaic innovations, which respond to the urgency of energy and food sovereignty as well as to climate challenges.”
TSE successfully closes its first financing of 11 million euros for a portfolio of agrivoltaic power plants Brouchy, 2023
A crowdfunding campaign is underway on the Souleuvre-en-Bocage agrivoltaic installation via the Lendosphere platform. This paid loan fund raising allows those who wish to do so to support the installation of an agricultural canopy. For lenders, this is an opportunity to decarbonize their portfolio by contributing to the agricultural and energy transition of the region.