Neoen, an independent renewable energy producer based in Paris, has signed a €200 million ( US$230.5 million ) warehouse facility to finance solar, onshore wind, and energy storage projects across Europe.

The revolving credit facility will provide the French firm with medium-term funding to support 11 projects across six countries. The agreement includes an additional, uncommitted incremental facility to support future growth.

The debt was provided by ING Wholesale Banking, BNP Paribas CIB, BNP Paribas Fortis, and HSBC Continental Europe. Orrick advised the consortium of commercial and hedging banks.

Neoen will use the flexible, scalable platform to finance a diversified portfolio of ready-to-build renewable energy assets ( solar PV, onshore wind, and battery storage ) across France, Germany, Ireland, Italy, Portugal, and Sweden.

Founded in 2008, Neoen has 5.8 gigawatts of renewable energy assets in operation as of end-2024, with an additional 3GW under construction. The company was acquired by Brookfield earlier this year.