HSH Nordbank finances two solar park portfolios in the south of France

Hamburg/Kiel, August 7, 2014 - HSH Nordbank is providing finance to its long-standing client, GP JOULE Group of Reussenkröge, for the two solar park portfolios Aquitaine and Biscaya in the south of France.

The portfolios, which were developed by the Schleswig-Holstein-based company in the Aquitaine region, consist of a total of 11 solar parks with a nominal output of 57.3 MWp (Aquitaine) and 50.8 MWp (Biscaya). The long-term project finance totalling EUR 58.5 million (Aquitaine) and EUR 54 million (Biscaya) was made available by HSH Nordbank as the Mandated Lead Arranger.

"This transaction represents a further milestone in the collaborative partnership with our client GP JOULE and underscores once again our very good level of expertise for projects in the French renewables segment", said Patrick Miljes, Head of HSH Nordbank's Energy & Infrastructure division.

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