Crédit Agricole Leasing & Factoring
(CAL&F) will participate in a €700m renewable energy project
launched by the administrative region of Midi-Pyrénées and the
European Investment Bank (EIB).
The EIB is providing a €350m credit line to
Crédit Agricole – via its leasing subsidiary CAL&F and four
Crédit Agricole regional banks – and to Banque Populaire et Caisse
d’Epargne (BPCE).
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The two banking groups will jointly provide an
additional €350 million to co-finance the programme, aimed at
public and private companies, agricultural enterprises and local
authorities seeking to set up renewable energy projects in the
French region.
The deal strengthens CAL&F’s commitment to the renewable energy
sector, in line with plans revealed to Leasing Life by
the lessor’s deputy CEO Philippe Zamaron earlier this year.
Last year, the leasing company financed €400m
in renewable energy projects in France. It currently funds around
40% of France’s solar power plants.
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