EDF ENR, an EDF subsidiary and specialist in decentralized photovoltaic energy production, is mobilizing to support the Energy Transition of businesses. In partnership with the fund manager Atlante Gestion, EDF ENR offers companies, whatever their size, a complete range of financing and services for their self-consumption projects guaranteed over a period of 20 years. This turnkey offer allows companies to finance the installation over the long term, without any initial contribution thanks to the savings made, with profitability from the first year.
This lanch is part of the EDF Group’s Solar Plan and perfectly illustrates EDF ENR’s ambition to become one of the leaders in photovoltaic energy in France, with a target of a 30% market share among professionals and local authorities by 2035.
An effective range of financing and services to facilitate the Energy Transition for businesses
EDF ENR offers a complete package including in return for a fee over the duration of the contract advice, financing and support for the self-consumption installation, supply and installation of the equipment, operation and maintenance, as well as a long-term performance guarantee and insurance. At the end of the contract, compagnies benefits from the savings made by operating their photovoltaic generator until the end of its life.
Thus the financing facilitates the Energy Transition of companies without weighing in their cash-flows, by smoothing the acquisition of their installation over a sufficiently long period to allow a gain from the first year in relation tot the energy savings achieved. With their borrowing capacity preserved, they can devote all their ressources to their development.
Savings simulation example
A target of €50 million of operations financed by 2023
The multi-year energy programs aims to install 200,000 self-consumtion photovoltaic projects by 2023. According to the latest EcoAct report, 43% of CAC 40 groups have committed to a carbon neutrality objective by 2020, but the costs involved in the process are often an obstacle for smaller companies.
“Energy represents on average 10% to 20% of a company’s costs. The ability to produce and consume one’s own electricity, in order to save money while at the same time being a player in the Ecological Transition, has become an important competitive lever” explains Johan Raymond, EDF ENR’s Sales Director for Businesses and Communities. “With this new offer, we are providing the with a turnkey solution that allows them to take action quickly. Self-consumption is going to develop in France and is an important axis of development for EDF-ENR: within 2 years, we aim to reach a volume of €50M financed”, he concludes.
“Atlante Gestion has developped with the investment bank Crédit Agricole CIB and integrated solution for carrying financing and managing Energy Transition contracts. Offered in partnership with EDF ENR, the solution is in line with our investment strategy and will be able to integrate participative financing solutions in certain cases, thus contributing to the CSR approach of the companies. Like EDF ENR, we believe that companies have a major role to play in the Energy Transition. This new offer is a great lever to help them”, says Christian van Appelghem, President of Atlante Gestion.
About EDF ENR, leader in the self-consumption photovoltaic sector
EDF ENR was created in 2007 with a strong conviction: solar energy is the future.
Fully integrated and supported by the EDF Group, the company has invented decentralized photovoltaic production solutions for buildings and parking lot shadings that enable private individuals, professionals and local authorities to produce and sell low-carbon electricity, as well as to consume it themselves thanks to innovative offers. As a result, EDF ENR fully embodies the EDF Group’s CAP2030 strategy and its mainspring is to “build a CO2 neutral energy future that reconciles preservation of the planet, well-being and development through electricity and innovative solutions and services.
With more than 35,000 producers supported since its ceration, EDF ENR holds a leading position in its various markets thanks to the quality of its services and the recognized commitment and competence of its teams. For more information: http://www.edfenr.com
About Atlante Gestion
As a management company approved by the AMF since 2010, Atlante Gestion invests on behalf of informed or qualified investors in real assets mainly in the infrastructur, energy and energy efficiency sectors. Atlante Gestion has worked as a financial advisor and/or capital provider on more than 100 projects since 2005, representing and investments volume of nearly €4 billion of understudy projects, of which €400 million only in the field of Energy Performance. For more information: http://www.agestion.fr
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