Sunrock and Crédit Agricole Corporate and Investment Bank (CA-CIB) have reached financial close on a EUR 110 million green financing for Sunrock’s rooftop solar portfolio in France. The financing comprises a EUR 50 million term loan facility, together with an accordion feature of up to EUR 50 million, and supports the financing of commercial and industrial solar PV projects.
The transaction establishes a dedicated financing framework to support the continued expansion and operation of Sunrock’s French solar portfolio. The financing has been structured as a green loan and aligned with the EU Taxonomy framework, reflecting the renewable energy nature of the underlying assets and incorporating clear sustainability reporting and monitoring requirements.
Both teams worked closely to address commercial, legal and operational topics in a pragmatic and constructive way to establish a financing structure suited to Sunrock’s activities in France. Sunrock looks forward to build on this partnership as the French portfolio develops further. De Pardieu acted as lenders’ legal counsel and A&O Shearman as borrower’s legal counsel.
Bram Poeth, CEO of Sunrock, said:
“This green financing is more than a financial milestone. It is a strong endorsement of our strategy and our ambition to accelerate the energy transition in France. With this foundation in place, we can continue investing in high-quality rooftop solar assets that help our customers decarbonise while strengthening Europe’s energy resilience. We greatly appreciate the transparent and constructive cooperation with CA-CIB and are excited to continue working together in the years ahead.”
About Sunrock
Founded in 2012, Sunrock is a leading European developer of large-scale rooftop solar and integrated clean energy solutions, enabling logistics real estate owners and operators, as well as industrial clients, to achieve ESG targets and net-zero operations.
Sunrock provides tailored solutions powering logistical warehouses and industrial buildings with clean energy, focusing on local energy production from solar rooftop systems, enabled by intelligent Energy Management Systems (EMS), a multimodal trading platform, and smart energy assets like battery storage and fleet charging systems. From design and financing to construction and operation, the company manages every step to maximise energy efficiency.
Sunrock was acquired in 2020 by COFRA Holding as part of its commitment to positively impact, through business, key transitions for a more liveable planet and equitable society. Active in Germany, France, and the Netherlands, Sunrock employs over 160 people and is A Certified B Corp.
Sunrock partners with its customers for a clean energy future. Learn more at www.sunrock.com.
