Fund the construction of a portfolio of 39 photovoltaic projects!
Azolis is a French developer and constructor of photovoltaic projects founded in 2015. The company internalizes the entire value chain of its projects: studies and development, financing, engineering, construction, operation, and maintenance of assets.
Following the success of the first tranche: Operation Tournesol, in which 1.2 million euros were raised, Azolis is now seeking to complete the equity contribution necessary for the construction of its portfolio with a second tranche of financing amounting to 1 million euros.
Always through the company Tournesol, the photovoltaic projects are grouped under the company Tournesol PV 1, owned 100% by Tournesol.
This portfolio, initially consisting of 15 projects with a capacity of 6.4 MWc, now comprises 39 photovoltaic projects on buildings with a total installed capacity of more than 16 MWc. We invite you to refer to the “The Project” section to appreciate the updated portfolio. Note that each of these power plants already benefits from 20-year purchase obligation contracts.
The offer
Why invest?
The company Azolis, founded in 2015, offers an investment opportunity in the financing of a portfolio of 39 rooftop photovoltaic projects on new buildings. The projects are located in metropolitan France and are grouped within the company Tournesol PV 1.
Objective
The crowdfunding operation aims to raise up to 1 million euros in the form of debt.
Use of Funds
The funds raised will complete the equity contribution necessary for the construction of a portfolio of photovoltaic projects on buildings.
Security
Enerfip has obtained for its investor base a first-ranking pledge on the shares of the Tournesol company, which holds the Tournesol PV 1 company. This pledge is equivalent to a second-ranking pledge on the development SPV, given that the bank debt is already secured by a first-ranking pledge.
In the event of a default in the current account of partners that would jeopardize the repayment to Enerfip’s investors, the exercise of this pledge will allow the recovery of a residual value of the assets and the partial repayment of Enerfip’s investors.
Tax Exemption Modalities
This investment is eligible for the PEA-PME.
Repayment
The cash flows projected by the business plan of the portfolio are satisfactory with respect to the service of the senior debt and the current account of partners, respectively remunerated at 4.4% and 7.0% per year. Bank refinancing at a more advantageous rate and partially repaying the current account of partners is also envisaged.
Specifications
Investment phases
- Investment open to everyone
End of project financing
Resources
Simulator
Investment simulation
Opération Tournesol 2 - Obligation 7.5%/year over 2.6 years
Simulation - Rate : 7.5% / year on 2.6 ans
Initial investment:
€1,000
Repayments and interest:
€1,195
In 3 transfers
| Date | Interest* | Capital | Amount |
| 30/09/2026 | €75 | €0 | €75 |
| 30/09/2027 | €75 | €0 | €75 |
| 30/04/2028 | €45 | €1,000 | €1,045 |
| Total | €195 | €1,000 | €1,195 |
*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
You will find below the expected commissioning dates of the different power plants as well as their capacity, production potential and updated unit production:
Project owners
Our analysis
Risk overview
Construction risks
Risk that the connection to the distribution or transmission network has not been completed or is not approved by the relevant authority before the planned date of commercial operation.
Mitigation methods
The development company's team has extensive know-how and experience in carrying out this type of project.
Construction risks
Risk of construction delays or failure to complete the work
Mitigation methods
The development company's team has extensive know-how and experience in carrying out this type of project.
Une réserve de contingence a été prévue pour faire face à des imprévus ou à une augmentation des coûts.
Refinancing risk
Credit risk related to the company's ability to refinance and meet its debt obligations.
Mitigation methods
The business plan anticipates strong cash flows over the life of the bonds.
Cash available for debt servicing is significant over the life of the project. The minimum DSCR is considered satisfactory and should make it easier to obtain bank refinancing.
Regulatory risks
Risk of changes in regulations applicable to the sector, involving reductions in subsidies or new taxes with a significant impact on project revenues.
Mitigation methods
L'ensemble des projets sont autorisés et les tarifs sont déjà contractualisés + sécurisés. Cela qui signifie que d’éventuelles évolutions sur les tarifs des appels d'offre n'auront pas d'impact sur le portefeuille.
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.
