Fund the construction of a portfolio of 16 projects
The Kyrro Solar project, developed by the Orkane Group, consists of a portfolio of 16 photovoltaic projects located in France. This portfolio contributes to the energy transition and the deployment of renewable energies in the territory.
The Orkane Group is seeking to raise a first tranche of 1.1M €, without geographical restrictions and as part of an overall fundraising target of 1.6 M€. In a second step, a second tranche reserved for people living in the project department and neighboring departments will be presented on our platform. This geographical restriction is due to the fact that some projects are winners of the call for tenders from the energy regulation commission.
The funds raised will be used to finance the construction costs of the projects.
Exemple d'installation photovoltaïque réalisée par Orkane
The offer
15 rooftop projects and a carport
Objective
The objective of this mezzanine fundraising is the issuance of simple bonds by the company KYRRO 3 for a total amount of 1.6M euros. This is therefore the first tranche out of a total of two.
Use of Funds
The funds raised will be used to finance the construction of a portfolio of sixteen photovoltaic projects comprising fifteen rooftop projects and one carport project. All these projects are located across the French territory.
Repayment
The repayment to investors will be made primarily through the revenues generated by the sale of energy from the parks. 13 out of the 16 projects already have a fixed purchase price for the energy produced. The repayment of the bonds will be made through a bank debt or a contribution to the current account of the partners.
Guarantee
As part of this fundraising, Enerfip has signed for its investors a pledge of 100% of the shares of the issuing company.
Specifications
Investment phases
- Open to all
- Reserved Salarié Orkane
End of project financing
Resources
Simulator
Investment simulation
Kyrro Solar - Obligation 7.5%/year over 4 years
Simulation - Rate : 7.5% / year on 4 ans
Initial investment:
€1,000
Repayments and interest:
€1,300
In 4 transfers
| Date | Interest* | Capital | Amount |
| 22/09/2026 | €75 | €0 | €75 |
| 22/09/2027 | €75 | €0 | €75 |
| 22/09/2028 | €75 | €0 | €75 |
| 22/09/2029 | €75 | €1,000 | €1,075 |
| Total | €300 | €1,000 | €1,300 |
*Gross interest before tax, including all fees (view taxation) The result presented is not a forecast of the future performance of your investments. It is only intended to illustrate the mechanics of your investment over the investment period. The evolution of the value of your investment may vary from what is shown, either increasing or decreasing. | |||
The project
With the Solskin 4 project, developer Orkane aims to prove that it is possible to reconcile industrial ambition, financial performance, environmental coherence, and commitment to the energy transition. Founded in 2021, this French company quickly found its place in the renewable energy landscape by specializing in photovoltaics. In just four years, it has supported over 400 clients and operates more than 150 MWp annually at various stages of projects, thanks to a team of 28 employees covering all stages of a solar power plant’s lifecycle. Orkane masters the entire value chain in-house, from project development to construction and maintenance, through its dedicated subsidiary Orkane Construction. Orkane and its teams have made quality a major development axis by obtaining ISO 9001/14001 certifications in 2024.
Solskin 4, a subsidiary of the Kyrro 3 holding company, groups together fifteen photovoltaic projects on rooftops and one in a carport, located on buildings across the territory. Their combined power reaches 5.77 MWp, with an estimated annual production of 9,230 MWh. This represents the equivalent of the electricity consumption of more than 2,068 households, while avoiding the emission of 2,230 tonnes of CO₂ each year. The sites are mostly ready to build: urban planning permits, land agreements, and connections are secured, and 13 out of the 16 projects already benefit from a guaranteed purchase tariff for twenty years.
To realize this ambition, Orkane mobilizes a total financing of 9.28 million euros, including 1.6 million in the form of simple bonds offered on Enerfip. This “mezzanine” financing constitutes the essential equity contribution to trigger long-term bank debt of 7.68 million euros already in advanced negotiation. The funds raised will be injected into Solskin 4 via Kyrro 3, with the pledge of 100% of the issuer’s shares as collateral, providing additional security to investors.
Operationally, Orkane has a solid track record in the construction of photovoltaic power plants, with over 65 MWp already built for its own account and that of third parties. The chosen technologies come from recognized manufacturers such as Sungrow, Huawei, or DMEGC, ensuring performance and reliability. Financially, the portfolio is designed to generate positive cash flows from the moment it is put into service, thanks to contracts signed with EDF Purchase Obligation (except for the Malemort project via compensation for remuneration) offering long-term visibility. Additionally, the company retains the possibility of optimizing revenues through market sales at the end of the contracts.
Project owners
FranceFounded in 2021, Orkane, the company behind the Solskin 4 project, is based in Toulouse and in the Overseas Territories. Specializing in photovoltaics, Orkane manages all stages, from development to operation, including design, financing, and construction.
Its strategic focus: territorial solar power to produce local, competitive, and decarbonized electricity.
Orkane and its teams work to ensure that solar energy is deeply rooted in the territories, as close as possible to real needs. This involves tailored projects, designed with local officials and stakeholders (citizens, farmers, businesses, local authorities), on land that is primarily already artificialized, and designed to create jobs, value in the territory, and locally consumed energy.
Led by two co-founders with over 30 years of experience and having built more than 800 MWc of projects, Orkane’s team now consists of 28 full-time employees, reflecting its ability to manage complex and large-scale projects.
Orkane adopts a long-term vision, integrating future challenges such as storage, controllability, cost optimization, low carbon impact, predictability, and cybersecurity. This approach ensures that the power plants will be efficient and profitable from the start and adapted to the evolving energy market.
Orkane focuses on the conservation and optimization of equipped power plants. Orkane also operates 50% of its activity in customer service across the value chain of creating all types of photovoltaic projects, adding a new dimension to its business model and increasing the stability and revenue of the company.
The Company
ORKANE works for you to build a sustainable energy future and responsible growth for the benefit of territories and businesses. ORKANE balances economic performance and environmental performance to co-construct a positive and collective economy.
What We Do
With the aim of becoming an agile independent electron producer and strong in multidisciplinary experience, ORKANE supports territories and businesses in their environmental transitions by developing, designing, financing, building, and operating sustainable energy projects, particularly photovoltaic ones. We also mobilize our culture of innovation to offer solutions to tomorrow's energy challenges.
Our analysis
Risk overview
Construction risks
Risk of higher construction costs due to rising raw material prices
Mitigation methods
Actuellement au stade prêt à construire, le risque de construction est ici maîtrisé par l’expérience accrue de la société dans la construction de ce type d’infrastructure. À jour, Orkane a construit plus de 65 MWc de projets pour compte propre et pour compte de tiers
Development risk
Risk relating to authorizations issued to the company and land, and third-party appeals against authorizations issued.
Mitigation methods
13 des 16 projets du portefeuille sont au stade RTB (ready to built) indiquant que l’ensemble des étapes de développement ont été atteinte avec succès. Les 3 autres projets sont en cours d’obtention des tarifs relatifs aux appels d’offre d’EDF et CRE. En cas de non-obtention, Orkane dispose d’un important vivier de projet et pourra les apporter au portefeuille en remplacement.
Refinancing risk
Credit risk related to the company's ability to refinance and meet its debt obligations.
Mitigation methods
Le modèle financier du portefeuille met en avant une forte rentabilité et un free cash flow dégagé sur la durée de vie des actifs de 2 375 k€ La dette senior a été dimensionnée sur la base d’un DSCR de 1.15x sur la période de vente d’électricité sous contrat PPA et de 1.30x sur la période de vente au marché, ce qui laisse une large marge de sécurité pour le paiement des intérêts de la dette senior et le remboursement du principal à maturité. Dans l’éventualité où la société ne parviendrait pas à subvenir au service de la dette, celle-ci viendrait financer les besoins grâce aux conventions de trésorerie conclut intra-groupe. En dernier recours, Enerfip pourrait prendre possession des titres de la société émettrice en cas de défaut de l’un des paiements d’intérêts ou de capital.
Investing in this participatory financing project involves risks, including the risk of total or partial loss of the capital invested. Your investment is not covered by the deposit guarantee schemes established in accordance with directive 2014/49/EU of the European Parliament and of the Council. Your investment is also not covered by the investor compensation schemes established in accordance with Directive 97/9/EC of the European Parliament and of the Council. Return on investment is not guaranteed. This is not a savings product, and we recommend that you not to invest more than 10% of your net assets in participatory finance projects. You may not be able to sell the investment instruments when you wish. If you are able to sell them, however, you may incur losses.
