Case Study 2 - Portfolio of 10 projects -15MW AgriPV Technical Due Diligence for Bank Financing

The bank requested a customized P50 and P90 modeling for the Agri-PV projects, incorporating the unique characteristics of farming seasons to ensure accurate and reliable long-term financial projections.

Greensolver conducted a technical due diligence tailored to Agri-PV projects, considering:

• Plantation characteristics (height, growth period, and need for anti-tracking to optimize plant growth).
• Tracker control modeling to allow maintenance equipment or livestock passage.
• Multiple simulations to accommodate various scenarios.
• Environmental analysis to identify constraints, risks, and success factors.
• Financial model, equipment, and plant design review, integrating phenological calendars for agricultural seasonality.

Thanks to Greensolver’s expertise, the client secured the Bank’s financing, enabling the project to operate at optimal performance with long-term reliability.

• 14,6 MWc installed
• 16,3 GWh of production

Greensolver’s track records Agri PV.

More than 70% of the PV projects we work on can be considered Agri-PV, with varying degrees of complexity. By extrapolation, we estimate that we have audited more than 10 GW of Agri-PV projects (1000+ projects) out of a total of 35 GW of PV due diligence.

Total in 2025: 211 projects (2GW) with a majority of complex agri PV projects.

Written by Antonin Lagrue

Greensolver’s key solar references.

Out of the 55 GW of technical due diligence we have conducted, here is a selection of solar due diligence projects where we acted as technical auditors :

• For the lenders BPI and Crédit Agricole for the €200 million financing of Technique Solaire : Technique Solaire lève 200 millions d’euros auprès de Bpifrance et Crédit agricole

• For the investors Mirova and BNP Paribas for the €200 million entering into capital of Arkolia : Une nouvelle étape pour Arkolia qui s’associe à Mirova et BNP Paribas Asset Management dans le cadre d’une transaction de plus de 200 M€

• For Arjun Infrastructure Partner investment fund for Amarenco’s €300 million fundraising: Amarenco lève 300 millions d’euros pour soutenir sa croissance – Amarenco

• For the investment fund Pioneer Point Partner for the acquisition of a majority stake in PerPetum : Le développeur PerPetum poursuit sa croissance aux côtés du fonds d’investissement Pioneer – pv magazine France

• For the investors’ side TiLT Capital Partners, BPI and Socadif-Groupe Crédit Agricole for Groupe Volta’s €40 million fund-raising : Le Groupe Volta réalise une levée de fonds de 40 M€ menée par TiLT Capital Partners (Groupe Siparex) • Groupe Volta

• For the the investors’ side Icon Infrastructure Partners for the acquisition of a 51% stake in Enoe : Enoé Energie cède 51 % de son capital à un investisseur britannique – pv magazine France