ONEMW - Boucles locales T3 — 8.5%/an · 48 mois

Plateforme · 23.0/25

A1 · Statut réglementaire 8.0/8✓ max

agrément AMF licence AMF currently valid, fonds propres-2022-2 licence verified
Maximum score

A2 · Track Record 6.0/6✓ max

Default rate 0.00% → 6/6
Delay rate 0.32% (<5%) → 6/6
Average realised return 7.95% compliant with announced renewable energy range (5-9%) → 6/6
A2 = (6×0.5 + 6×0.3 + 6×0.2) = 6/6

A3 · Rigueur de sélection 3.0/4bon

Documented selection process (published risk score 2/5, internal committee), but overall selection rate not explicitly published
Leading renewable energy platform in France since 2014, 537 projects financed

A4 · Santé financière 3.0/4bon

Independent profitable platform (net income approximately 600K€ 2022), more than 10 years in existence, 30-50 employees, consistent growth
Acquisition of Lumo end of 2025
No listed institutional shareholder → 3 points vs 4 points for group subsidiary

A5 · Protection investisseurs 3.0/3✓ max

agrément AMF licence → reflection period 4 days plus mandatory continuity plan (1 point)
Segregated accounts required by agrément AMF status (1 point)
Enerdeal secondary market operational since 2023 (1 point)

Projet · 36.0/75

B1 · Instrument & Structure 9.0/10bon

B1.1: 5/5 - Simple bonds fixed rate, French law

B1.2: 3/3 - SPV2 ONEMW dedicated, distinct issuer, clear French law

B1.3: 1/2 - Senior ranking claimed, pledge not yet formally registered

B2 · Opérateur & Track record 7.0/15faible

B2.1: 4/4 - Named managers (Le Guennec, Vanackere, Moine), CVs attached, identifiable

B2.2: 1/5 - Company created July 2024, 0 MW connected, >10 years sector experience declared but 1st transaction

B2.3: 0/3 - 1st fundraising on Enerfip, no track record

B2.4: 2/3 - No proceedings identified, recent company without consolidated accounts

B3 · Garanties & Sûretés 7.0/15faible

B3.1: 6/9 - 1st ranking pledge of SPV2 ONEMW shares, project rights transferred under suspensive condition

B3.2: 1/4 - Company created 2024, fonds propres not documented, balance sheet non-existent

B3.3: 0/2 - No banking partner, project <2M€

B4 · Structure financière 7.0/15faible

B4.1: 4/5 - Loan-to-Value (ratio prêt/valeur actif) agreed 28% (threshold <30%), portfolio valuation 3,516M€ for 1M€ raised

B4.2: 0/4 - No equity committed by operator

B4.3: 2/4 - Very low Loan-to-Cost (ratio prêt/coût total) (<30%) offsets absence of formalised stress test

B4.4: 1/2 - taux de couverture de la dette not precisely calculable, positive EBITDA from 2026 per BP

B5 · Pré-commercialisation 2.0/10faible

Pure development phase, no PPA signed, no permit cleared, no confirmed connection
Some authorisations obtained (projects 1, 3, 4, 10) but majority in development or securing phase
Enerfip B- rating confirms low maturity

B6 · Permis & Maturité 2.0/5faible

Several projects with prior declaration obtained (projects 1, 3, 4, 10) but no permit cleared nor network connection confirmed
Majority of 21 projects still in development phase or land security

B7 · Marché & Localisation 2.0/3

French renewable energy market in structural growth, policy favourable to projects <1MW via decree 2022-1688
CRE auction mechanism and open window operational
Stable demand, favourable regulatory context

Points forts

✓Very low portfolio LTV at 28%, pledge on 100% of SPV shares.

✓Enerfip platform reference for renewables with zero historical default.

✓Strategy <1MW reducing regulatory constraints and lead times.

✓Minimum ticket 10€, simple senior bonds, clear French law.

✓Pipeline of 60 MWc in development, of which 25 MWc signed (PDB).

Risques identifiés

!Company created July 2024, no project delivered nor MWc connected to date.

!Repayment depends on non-guaranteed bank refinancing or RTB project sale.

!No equity committed by operator in the transaction.

!Majority of 21 projects in development phase or land security without final authorisations.

!Interest payment financed by a reserve drawn from the fundraising itself.

⚠ Avertissement sur les risques

Investir en crowdfunding comporte un risque de perte partielle ou totale du capital, ainsi qu'un risque d'illiquidité. Selon le baromètre France FinTech / Forvis Mazars 2025, 25 à 30 % des projets accusent un retard de plus de 6 mois et 4 à 6 % entraînent une perte définitive. Ne placez jamais plus de 5 à 10 % de votre patrimoine en crowdfunding et diversifiez sur au moins 10 projets. CrowdPickr est un service d'information indépendant, non agréé en tant que conseiller en investissement. Les analyses présentées ne constituent pas un conseil en investissement personnalisé.