SMEG refinances three renewable energy assets in France via MER structure
Type: Financing · Technology: Solar · Country: France · Capacity: 21 MW · Value: EUR 21M · Announced: 2026-05-11
SMEG refinanced three renewable energy assets in France through the MER financing structure for €21 million, supporting its portfolio of 115 MW of solar and 55 MW of wind capacity. The refinancing follows SMEG's strategic expansion into French renewable energy markets since 2017-2018, focusing initially on acquiring operational projects. The group, majority-owned by Engie (65%), with Monaco government (20%) and EDF (15%) as minority shareholders, operates 16 solar parks and three wind farms across France. This refinancing supports SMEG's broader goal of producing renewable energy equivalent to Monaco's electricity consumption through solar and wind projects.
Counterparties
- SMEG (Société Monégasque de l’Électricité et du Gaz) (Borrower)
- Mer (Lender)