Sunrock lands €50M green loan to triple its French solar rooftops
What's the deal? Dutch solar company SunrockDealroom has a profile for this one. Try Dealroom → has secured a €50 million green term loan from Crédit Agricole to expand its rooftop solar portfolio in France. The facility includes an accordion option of up to a further €50 million.
What's the endgame? The money will fund Sunrock's push to grow its French footprint from 50MW of installed capacity — spread across 13 commercial and industrial rooftop installations — to a target of 150MW.
Why now? Sunrock structured the deal as a green loan aligned with the EU Taxonomy on sustainable activities, tapping bank financing as it scales up its distributed solar assets. De Pardieu advised the lender and A&O Shearman advised Sunrock.
The signal: Backed by Cofra HoldingDealroom has a profile for this one. Try Dealroom →, which acquired it in 2020, Sunrock operates across France, Germany, and the Netherlands. The bank-led green loan reflects how commercial and industrial rooftop solar is drawing structured debt rather than equity to fund expansion.
Read more: pfie.com
Image credit: Evan M. O'Neil
