De Gaulle Fleurance advises Banque des Territoires and Demeter on See You Sun’s new fundraising round

De Gaulle Fleurance supported Banque des Territoires and the Climate Infrastructure Fund managed by Demeter in raising 46 million euros for See You Sun, to develop its new approach to solar energy.

Following an initial fundraising of 12 million euros in 2021, Rennes-based renewable energy player See You Sun raised 46 million euros in early April from its long-standing partners, Demeter via the Climate Infrastructure Fund and Banque des Territoires.

Their participation, combined with bank loans, should enable See You Sun to roll out an investment program worth 600 million euros in nearly 6,000 projects by 2028.

The funds raised will be used to accelerate the production of local, low-carbon energy by deploying solar shading systems throughout France, with an emphasis on the development of collective self-consumption.

Banque des Territoires and the Climate infrastructure Fund were advised by De Gaulle Fleurance on transactional aspects (Sylvie Perrin, partner, David Faravelon, senior manager, and Anne Kuhanathan, senior associate) and auditing (Béatrice Boisnier, legal counsel).

“We are proud to have contributed to this fund-raising, which will enable us to accelerate the deployment of ambitious solar projects throughout France over the next few years, with an emphasis on the development of self-consumption, which will also have a definite interest in the development of electro-mobility”,

explains Sylvie Perrin, partner at De Gaulle Fleurance.