Financing renewable energy

At Crédit Agricole we encourage and finance the development of renewable energy sources in France and abroad , through our leasing, capital investment and project financing activities.

Crédit Agricole CIB has financed the renewable energies growth for more than ten years

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Crédit Agricole Corporate and Investment Bank, Crédit Agricole's investment banking arm, has financed the renewable energies growth for more than ten years. In 1997 already, it invested in the creation of wind farms, and since its expertise has extended in the financing of projects of solar energy. The financing of the renewable energies is an integral part of the strategy of the project financing business line and Crédit Agricole CIB goes on financing its customers’ development on this sector all around the world. The Spanish company Acciona, which inaugurated in 2010 one of its solar power plants in Majadas, illustrates Crédit Agricole CIB’s will for long-term support to its customers.
For Crédit Agricole CIB, the renewable energies sector today represents:

Around 24 % of the amounts engaged in financing electric production projects
29 % of the number of deals (vs 18 % in 2008)

Capenergie: the first French renewable energy fund

Click here to see the video "Vidéo Cap Energie"

Through Crédit Agricole Private Equity, Crédit Agricole supports the development of small and medium-sized enterprises. Also attentive to environmental protection, we make a point of supporting companies that are breaking new ground in the renewable energy sphere .In order to do so, in 2006 Crédit Agricole Private Equity launched Capenergie, the first French institutional fund devoted entirely to renewable energy sources (wind power, biomass, hydro power, thermal and photovoltaic solar energy, geothermal energy, biofuels, etc.) and energy efficiency .The €109 million fund enables us to support researchers, specialist developers, equipment suppliers, operators and energy-related projects.

Capenergie in facts and figures

16 projects, 14 in France and 2 in Italy
60% of investments in wind power, 20% in solar energy and 20% in hydro power and biomass

Today, two years after its launch, the entire fund has been invested.A second fund, Capenergie 2, also entirely devoted to renewable energy sources, is due to be launched in 2010. It will have €200 million to invest.(+) on the CAPENERGIE investment fund

Unifergie: our renewable energy financing subsidiary

A financial leasing specialist, Crédit Agricole Leasing & Factoring is deeply involved in protecting the environment, with a particular focus on the energy sector. Through Unifergie, it promotes the introduction and use of wind, photovoltaic, hydro and biomass power.In 2009, it concluded contracts worth €390 million in these sectors.

Unifergie in facts and figures Wind power:

20 wind farms financed
Total output of 935 megawatts financed
20% of the market in the sector

Photovoltaic power:

23 projects financed, including 16 in mainland France, 3 in overseas departments, 3 inSpain and 1 in Italy
Aggregate output of 54 megawatts-peak*
€179 million

* The watt-peak measures the power of a photovoltaic plant per unit of time.

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