Société Financière Internationale to invest up to €120 million in Voltalia Management International via convertible preference shares

Type: Financing · Technology: Solar, Storage · Country: France · Value: EUR 120M · Announced: 2026-08-13

The Société Financière Internationale (SFI), a member of the World Bank Group, agreed to invest up to €120 million in Voltalia Management International (VMI), a subsidiary of Voltalia, through convertible preference shares. Structured as convertible preference shares with a base remuneration of 6.5%, the financing will be deployed in two tranches: €75 million initially and up to €45 million subsequently, subject to performance and group needs. The investment targets the construction and operation of new renewable energy installations between 2026 and 2028, focusing on solar photovoltaic and battery energy storage systems (BESS). The transaction requires shareholder approval at Voltalia's general meeting on September 17, 2026, and avoids a traditional capital increase at this stage. SFI's remuneration may be paid as periodic dividends or capitalized, with potential adjustments linked to sustainable development objectives.

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