Apex Energies secures €350M for solar project portfolio in France

Apex Energies, a renewable energy producer based in Montpellier, secured over €350 million (~$363.24 million) in senior debt financing, co-arranged by Caisse d’Epargne Ile de France and Crédit Agricole Transitions & Energies, along with other partner banks. The funding supports the construction of nearly 1,100 photovoltaic projects across France, totaling over 400 MW, with 250 MW already in advanced development or under construction. The projects include ground-mounted plants, agricultural hangars, and shade structures for both grid sale and self-consumption. Backed by Macquarie Asset Management since 2022, Apex Energies aims to complete 1GW of projects by 2030. French banks structured the financing to accommodate the scale and construction phase of the portfolio. Advisors involved in the transaction included Monte-Cristo Advisory, Energie Legal, and Altus Group.