BCLP advises CIC Private Bank and Arkéa AM on Renewable Energy Financing

BCLP advised CIC Private Bank and Arkéa AM financing WATT&Co’S development of a 1.5 GW renewable energy portfolio in France.

WATT&Co is a family-owned company founded in 2009 that develops and operates hydroelectric, photovoltaic and energy storage assets across France.

WATT&Co’s portfolio consists of 15% rooftop solar, 83% agrivoltaic and ground-mounted solar, and 2% hydropower. As of March 31st 2026, it includes approximately 130 MW of assets in operation and under construction, around 100 MW of projects currently being financed, as well as a development pipeline of approximately 1.3 GW. The portfolio also incorporates a battery energy storage (BESS) strategy, developed over several years and integrated into its projects, allowing the future co-location of assets.

The financing will notably be used to refinance existing junior debt and an RCF facility, as well as to cover equity requirements related to the construction CAPEX for projects expected to be commissioned within the next 12 to 18 months, thus enabling WATT&Co to secure the resources necessary to deliver its pipeline under strong conditions.

The BCLP team was led by Partner Cyrille Rumen and Associate Claire Poirot on the financing aspects, with Partner Jean-Pierre Delvigne advising on energy and projects matters.