Fund the development of a portfolio of 9 ground-mounted solar power plants
The RENew Sun project, developed by the company of the same name, involves the development of 9 photovoltaic power plants located in the departments of Côtes-d’Armor, Vienne, Cher, Marne, and Haute-Garonne.
This portfolio contributes to the energy transition and the deployment of renewable energies in the territory.
After a first funding round in 2024, which allowed the projects to progress and notably the completion of several environmental studies and the first permit applications, Renewsun wishes to complete the fundraising with a second round of up to 500,000 € to finalize the development of the portfolio.
The offer
After a successful first round of fundraising
Objective
Through the company FINPART RENew Sun, which holds the projects, RENew Sun now wishes to proceed with a second issuance of simple bonds to citizens. With an amount of 500,000 €, this collection follows a first tranche of 750,000 € which took place in 2024. It will allow the development of the portfolio of 9 photovoltaic plants spread across the national territory in the departments of Côtes-d’Armor, Vienne, Cher, Marne and Haute-Garonne to continue.
Use of Funds
To successfully develop the 9 photovoltaic projects partially financed by the first tranche. In detail, the funds will allow the continuation of studies, administrative and regulatory procedures with a view to the submission of permits for all projects.
Repayment
Repayment of the funds is expected through the resale of the projects once they reach the ready-to-build stage.
Collateral
For this fundraising, Enerfip, on behalf of its investors, has signed a pledge on the securities accounts of the company owning the project portfolio, as well as a key person insurance taken out for an amount covering 1/5 of the fundraising.
Specifications
Investment phases
- Investment open to everyone
End of project financing
Resources
Simulator
Investment simulation
RENew Sun T2 - Obligation 8.25%/year over 2.8 years
Simulation - Rate : 8.25% / year on 2.8 ans
Initial investment:
€1,000
Repayments and interest:
€1,222.18
In 3 transfers
| Date | Interest* | Capital | Amount |
| 13/06/2026 | €57.18 | €0 | €57.18 |
| 13/06/2027 | €82.5 | €0 | €82.5 |
| 13/06/2028 | €82.5 | €1,000 | €1,082.5 |
| Total | €222.18 | €1,000 | €1,222.18 |
*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
Following a successful first round of fundraising that secured the initial development stages of 9 photovoltaic projects carried by RENew Sun, a second tranche is now being offered to bring these projects to the “ready-to-build” stage.
Environmental studies, agricultural files, administrative procedures, and building permit applications are either underway or completed, with a common goal of submitting bids for the Energy Regulatory Commission’s tenders starting in December 2025.
This fundraising will consolidate efforts on diversified sites—industrial wastelands, abandoned railway areas, old quarries, agricultural fallows—spread across several territories and integrated into energy transition acceleration zones.
Some projects involve specific challenges, whether technical, agricultural, or ecological, and require enhanced support to be completed on time. The funds raised will thus support the project leader in this crucial finalization phase, while increasing the chances of securing a guaranteed tariff through the CRE tenders.
summary list of projects
This second tranche is part of a logic of continuity, security, and acceleration of the local energy transition driven by concrete projects, in close collaboration with territories and local stakeholders.
Project owners
FranceWho are we?
At RENew Sun, we are convinced of the importance of acting together to rethink our energy models. Photovoltaic solar power is, for us, a response that allows the production of more sustainable energy in favor of our planet.
For more than 20 years, we have been committed to renewable energies and the energy transition. RENew Sun was born with the strong will to accompany territories to produce green, sustainable, and local electricity. We thus offer you to build the energy model of tomorrow, through decentralized production as close as possible to the citizens who consume electricity.
We put our expertise at your service to develop, build, finance, and operate photovoltaic energy production facilities on different types of land to limit usage conflicts and preserve biodiversity.
Founded in 2022 by Jérôme Fontes, its CEO, RENew Sun relies on more than 20 years of experience in the energy transition
Our analysis
Risk overview
Construction risks
Risk of construction delays or failure to complete the work
Mitigation methods
La maturité des obligations paraît suffisamment longue pour que le porteur de projet puisse mener le développement des projets jusqu’au bout.
Counterparty risk
Risk of counterparty payment default that would jeopardize the project's cash inflows
Mitigation methods
Le montant du prêt respecte le ratio de loan-to-value de 1/3, ce qui limite le risque de défaut. En d’autres mots, la valeur théorique retenue pour le portefeuille est au moins 3x supérieure au montant de la levée. Un comité de suivi de la LTV a été prévu.
Development risk
Risk relating to authorizations issued to the company and land, and third-party appeals against authorizations issued.
Mitigation methods
Aussi, certains projets se trouvent déjà dans des zones d’accélération, ce qui devrait faciliter l’obtention des permis de construire.
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
Le foncier est sécurisé pour l’ensemble des projets. Les études techniques et environnementales réalisées pour certains projets à ce stade n’ont pas soulevé de point d’attention majeur.
Operating risks
Risk related to an activity that depends on a limited number of key persons responsible for carrying out the planned strategy. The risk is that one of these key persons leaves the project.
Mitigation methods
Afin de couvrir le risque d’une éventuelle fatalité, une assurance homme-clé sera souscrite pour un montant couvrant 1/3 de la levée envisagée.
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.
