Luther advises Acofi Gestion on the financing of ZE Energy Group's hybrid projects

Luxembourg – Luther SA advised Acofi Gestion on the Luxembourg corporate and financing aspects related to its financing of ZE Energy Group’s hybrid projects by means of a €4 million inbridge loan and junior debt financing via its Greenfin-labelled Predirec EnR 2 loan fund.

This is the first transaction for this fund in the innovative technology of hybrid solar power plants, combining photovoltaics and storage to address the challenges of intermittency and grid stability associated with renewable energy.

The short-term financing component will allow the construction of hybrid power plants to move forward and strategic supplies to be secured ahead of bank closing. Thanks to the long-term junior debt component, ZE Energy will be able to optimise the allocation of its equity resources in order to focus on growth in France and internationally.

About Acofi Gestion

Acofi develops investment products and solutions that meet the needs of major institutional investors. Its initiatives, with more than €2bn of assets under management, focus mainly on real assets and direct lending to the economy, covering four main themes: commercial real estate, renewable energy infrastructure, specialised financing for industrial companies, and the public sector. Acofi Gestion is an AIFM management company, approved by the AMF since 1997 and affiliated with Groupe La Française (Crédit Mutuel Nord Europe group) since 2014. www.acofi.com

For Luther S.A.: Selim Souissi, Partner Corporate/M&A, Jeremy Da Silva, Managing Associate Corporate/M&A.