Invest in the development of South Sun Energy 🦺
Soleil du Sud Énergie is a French company that develops, builds, operates, and maintains photovoltaic power plants on rooftops and parking canopies for third parties and for its own account.
To finance its activity and planned growth, Soleil du Sud Énergie is seeking to raise 1.5 million euros in simple bonds.
The core business of Soleil du Sud Énergie contributes to the deployment of renewable energies and the disengagement from fossil fuels. Moreover, the company has the particularity of mastering all the trades in-house and does not resort to subcontracting. Your investment will also contribute to the rise of a French player and local employment.
Enerfip has already worked with Soleil du Sud, during the successful Soleil du Sud Développement collection in early July 2025. This collection aims to finance the realization of a cluster of 11 photovoltaic projects for a total of 1.95MWc of additional production capacities put into service before the end of 2026.
Exemple de réalisation de Soleil du Sud© Soleil du Sud
The offer
The Soleil du Sud Group, a French company based in Var, offers an investment opportunity in the financing of its photovoltaic roof installation activity through the company Soleil du Sud Énergie.
OBJECTIVE
The crowdfunding operation of the Soleil du Sud Group aims to raise up to 1.5 million euros in simple bonds in the form of junior debt.
USE OF FUNDS
These funds will be used by the project holder to finance the working capital (BFR) and the growth of the company.
750,000 € will finance the direct working capital of Soleil du Sud, the EPC (Engineering, Procurement and Construction) subsidiary of Soleil du Sud Énergie.
750,000 € will finance the growth of the company Soleil du Sud Énergie, corresponding to the research and development of new projects.
REPAYMENT
The repayment of the bonds will be made by cash contributions within the group and thanks to the cash flows generated by the B2B and B2C activities of the company.
SECURITY
The security retained consists of a pledge on the shares of the SCI RIEN QUE POUR TOITS, which owns a real estate asset valued at 1.2 million euros, and a pledge on a claim valued at 1,000,000 euros.
Specifications
Investment phases
- Investment open to everyone
End of project financing
Resources
Simulator
Investment simulation
Soleil du Sud 2030 - Obligation 8.5%/year over 4 years
Simulation - Rate : 8.5% / year on 4 ans
Initial investment:
€1,000
Repayments and interest:
€1,340
In 4 transfers
| Date | Interest* | Capital | Amount |
| 30/09/2026 | €85 | €0 | €85 |
| 30/09/2027 | €85 | €0 | €85 |
| 30/09/2028 | €85 | €0 | €85 |
| 30/09/2029 | €85 | €1,000 | €1,085 |
| Total | €340 | €1,000 | €1,340 |
*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
The current fundraising aims to finance the growth of the group and its short-term activities.
1. Working Capital Needs
Since 2023, the B2B offer of Soleil du Sud has been evolving with a +100% increase in 2023 and 2024, and +25% in 2025.
The primary objective of the fundraising is to enable the company to meet current working capital needs generated by the group’s new contracts.
The funds will finance the CAPEX of the order book for turnkey projects.
2. Growth Financing
The fundraising will also enable Soleil du Sud Energie to finance the development and growth of its activity.
Internal structuring of the Soleil du Sud Energie group
- The parent company of the group, Soleil du Sud Energie, is responsible for the development and design of PV projects, both for its own account and for third parties.
- The company Soleil du Sud is responsible for the construction and maintenance of the developed plants.
- The group, present throughout the value chain of photovoltaic projects, thus proceeds with intra-group refactoring during the construction and development of its projects.
- These operations naturally imply a particular accounting.
Examples of Achievements
| Building | Type of Installation | Power (kWc) | Date of Commissioning |
|---|---|---|---|
| École Jean Moulin | Roof + Canopies | 195 kWc | 12/01/2022 |
| École Maternelle Alphonse Daudet | Roofs + Carports | 250 kWc | 21/04/2020 |
📖 To obtain more information about the financial health of the Soleil du Sud group and our methodology for analyzing projects, you can download our analysis note in the Our Analysis tab.
Project owners
☀️ A player in rooftop solar power
Soleil du Sud Energie was set up in 2009 to develop, finance, build, operate and maintain rooftop photovoltaic power plants. Specialising in rooftop photovoltaic installations, Soleil du Sud focuses on 3 different markets:
- Local authorities: municipal buildings such as schools, workshops, public services
- Businesses: farms, hangars, shopping centres
- Residential: houses, carports, charging points, etc.
To date, it operates an installed base of more than 17 MWp, with an average of 250 kWp per unit. The development rate for the coming years has been set at 5 MWp per year, with a strong historical component of projects on public buildings.
Production from these installations, which will be recurrent for the next 20 years, will generate sales of over €3m by 2025.
👷 Controlling the entire value chain
Our in-house design teams (technicians, engineers, town planners) and works teams (carpenters, roofers, electricians, automation specialists) guarantee the quality of our construction and operations. No subcontracting is used from design to operation of the plants. A wide range of projects can be carried out: roof renovation with guaranteed watertightness, on new buildings, by providing a solaried building, on a shaded area (with or without a recharging point) and on the roof of outdoor facilities.
- 100% control of operations
- Ability to operate in constrained environments
- Maximum adaptability
- Unbeatable responsiveness
🧩 A sustainable development strategy
Soleil du Sud Energie is a company with a mission, a recognised sustainable development strategy and strong values:
- Short circuit: company based in the Var, using French, if not European, equipment (French Volter solar panels, German inverters)
- Sustainability: renovation of roofs when power plants are installed
- Responsible: Soleil du Sud offices powered by renewable energy, fleet of electric service vehicles, permanent employment without recourse to subcontracting
- Low carbon footprint
Our analysis
A word from the analyst
| Type of risk Risk level | Description | Control measures | |
|---|---|---|---|
| Sponsor risk | 🟠 Intermediate |
Historical: Risk related to the Project Sponsor’s experience in carrying out similar projects. Commercial deployment risk: Risk that the company may not be able to implement its commercial strategy and thus acquire new customers. Financial: Risk related to the financial capacity of the Project Sponsor to successfully carry out the Project and to support it financially if necessary Organizational: Risk related to the operational and organizational capacity of the Project Sponsor to ensure the continuity of its activity during the life of the Project. Competition: Risk related to competing companies that may capture market share or reduce the profitability of the Project by offering similar products or services. |
Founded in 2009, the Soleil du Sud group is present throughout the value chain of photovoltaic projects. Its 18 MWc developed and built by the group, as well as its 19 MWc built for third parties, highlight the company’s ability to gain market share. Thanks to this, the company has been able to establish itself in the sector and has managed to fill its order book. By following the evolution of the market and thanks to the financing, SDSE should be able to reach new customers and thus further perpetuate its activity. The financial risk related to the sponsor and the financing of its working capital is here controlled by (a) nearly 2.5 MWc of turnkey contracts secured for the coming years corresponding to 2.6 million euros of turnover, (b) low supplier debts and a traced growth strategy, (c) an experienced management team and (d) and recurring revenues of nearly 3.6 million euros annually. Despite its complex and unreadable intra-group accounting, the company highlights growing results over several years and plans to restructure its internal processes of rebilling as soon as the next accounts are delivered in September 2025. |
| Financial / repayment risk | 🟠 Intermediate |
Refinancing risk: Risk related to a delay or failure to obtain long-term financing necessary for the repayment of the Enerfip financing. Liquidity risk: Risk related to a delay in the collection of the company’s revenues (sale of projects, electricity, biogas) necessary for the repayment of the Enerfip financing. Solvency risk: Risk related to the company’s inability to meet its long-term payment obligations. Security: Risk related to the absence of security or the feasibility of their realization. |
The accounts of Soleil du Sud Energie today reflect those of its subsidiary SDS, an EPC company. The working capital thus mainly comes from this company and the multiple intra-group operations affecting it. The positive balance of intra-group debts and receivables highlights the real situation of the working capital and translates a positive result, and therefore debts lower than receivables. The group’s debt is mainly based on short-term financing, necessary for the correct functioning of the EPC activity. These debts, guaranteed by the directors through personal guarantees, are repaid as the activity is deployed and various fundraisings are carried out. Given the group’s activity forecasts as well as those of SDSE, the company should be able to meet the Enerfip debt service without resorting to new external financing. In the event that the company is unable to meet the payment of interest/repayment of the debt, Enerfip could activate one of its securities to meet the need. A case of early exigibility will also be triggered if the cumulative value of the pledges falls below the threshold of 1.5 million euros. |
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.
