Voltalia, Natixis and EthiFinance support sustainable finance and the energy transition with the first green and sustainable syndicated loan for a European independent power producer

Paris, May 21^st, 2019 – Voltalia has signed a credit facility with twelve French and international top-tier banking partners¹ for a total amount of €100 million with an interest rate indexed to Voltalia’s extra-financial-performance.

Natixis acted as mandated arranger, sole coordinator, bookrunner and sustainable development coordinator for the operation. EthiFinance agency performed Voltalia’s extra-financial analysis to establish its ESG rating. This facility includes:

• a €55 million credit convention, and
• a €45 million long-term loan agreement.

Both instruments have a maturity of five years, extendible to seven years. This new financing facility establishes Voltalia as an exemplary player in terms of Corporate Social Responsibility (“CSR”) and provides increased financial flexibility for the implementation of its growth strategy, particularly through continued investment in the development of new projects.

Financial innovation supporting a responsible energy transition

This operation highlights the shared commitment of Voltalia and Natixis to the integration of extra-financial performance metrics in companies’ financing solutions. For this first green sustainable loan signed by a renewable pure player, Voltalia selected extra-financial indicators aligned with its CSR priorities: health and safety at work, business ethics and its ESG rating as assessed by EthiFinance.

Voltalia’s performance will be measured annually to define the adjustment of the credit conditions. Beyond contributing to the reduction of global CO2 emissions, this operation thus also positions Voltalia as an exemplary player in terms of business conduct.

“By nature, Voltalia has a positive impact on the environment and in the fight against global change. We wish to take a further step in our commitment with this operation, which is a premiere among pure players in the French renewables market. It highlights our strong belief that it is essential to lead by example in the conduct of our activities and our ambitions regarding extra-financial performance” said Sébastien Clerc, CEO of Voltalia.

“By supporting Voltalia in this new operation, Natixis confirms its long-term commitment with this client, and its determination to deliver innovative solutions underpinned by its strategic commitment to green and sustainable finance based on three pillars: innovation, service and integrity” said Marc Vincent, Global Head of Corporate & Investment Banking and Member of the Senior Management Committee, Natixis.

“With its Green and Sustainable hub, Natixis has the expertise and operational resources to support its clients in their energy and climate transition, and to develop and highlight their leading examples in sustainable development. The performance indicators chosen by Voltalia for this operation reflect the company’s comprehensive approach to sustainable development” said Orith Azoulay, Global Head of Green & Sustainable Finance, Corporate & Investment Banking, Natixis.

“This financing operation is a strong signal of the growing importance of CSR as a financial performance leverage. EthiFinance is glad to contribute to it by placing its expertise at the service of visionary and voluntary companies as Voltalia” said Emmanuel de La Ville, CEO at EthiFinance.

1. Natixis, BNP Paribas, Crédit Industriel et Commercial, Arkea Banque Entreprises et Institutionnels, Banco do Brasil, Crédit Lyonnais, Bred Banque Populaire, Caisse d'Epargne et de Prévoyance Hauts de France, Banco de Sabadell, Banque Palatine, Caisse d'Epargne Loire-Centre et Crédit Agricole Corporate & Investment Bank