Terre et Lac, a regional developer and producer of photovoltaic energy in France, has secured bridge financing of up to €50m from RGreen Invest to support the development and construction of a portfolio of 245 solar power plants.
The transaction means Terre et Lac can pursue the next phase of its growth strategy by accelerating the deployment of its production capacity and further expanding its geographical footprint. The portfolio consists primarily of rooftop solar installations, with a total clean energy production capacity of 74MW, covering the yearly needs of 17,500 households.
This closing follows a €70m debt raise in May 2025 and constitutes the second financing completed since infrastructure investment manager Infranity became a significcant minority shareholder in Terre et Lac in 2023.
Alexis Sloane Courtillon of Terre et Lac, said: “This financing marks a new step in the deployment of our distributed solar portfolio. It supports industrial‑scale execution while maintaining the operational standards that underpin Terre et Lac’s model. Partnering with a debt specialist able to bring speed and structuring expertise at the right moment is a key enabler for accelerating delivery.”
Mathilde Ketoff, partner, head of debt, RGreen Invest, added: “We are more than happy to enter into this new partnership with Terre et Lac. Europe’s energy transition has entered a new phase where energy infrastructure is no longer only an environmental imperative, but a strategic priority for sovereignty and competitiveness. Through INFRABRIDGE IV, we provide tailored bridge financing solutions that help strong industrial players like Terre et Lac accelerate delivery at scale, with the agility and selectivity required in today’s market.”
Romain Le Melinaidre, executive director, equity investments at Infranity, said: “RGreen Invest’s bridge financing further strengthens Terre et Lac’s capacity to deliver on its growth ambitions. It illustrates the strength of the group’s integrated business model and its ability to execute at scale across a large and diversified portfolio of distributed solar assets. It further highlights the relevance of combining long-term equity support with flexible short-term financing solutions at key stages of the project lifecycle.”
To read the latest IPE Real Assets magazine click here.
