← Retour aux projets
H2Green La Isla T3
EN
Enerfip Renewable energy Financé
Ce projet est clôturé. L'analyse ci-dessous reflète les informations disponibles au moment de la souscription et n'a pas été mise à jour.

H2Green La Isla T3

Average
52
score / 100
Yield
11%/yr
Duration
47 months
Min. ticket
50 €
Amount raised
2 M€
Invest →
À propos

Financing of the development of a 5 MW electrolyser for green hydrogen production in Spain, carried by H2 Green La Isla company (Seville). This is the 3rd tranche of a target total issue of 4M€, the first two tranches having raised approximately 932K€. The company was recently incorporated, with no annual accounts available.

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 · 29.0/75
B1 · Instrument & Structure 8.0/10bon
B1.1: 5/5 - Simple obligations fixed rate, clear French law
B1.2: 2/3 - Direct loan project bearer French law EU recognised
B1.3: 1/2 - Senior rank declared, no known senior debt, but not formally registered
B2 · Opérateur & Track record 5.0/15faible
B2.1: 2/4 - Eduardo Almagro Blanco appointed, no verified public profile
B2.2: 0/5 - Recent company, no documented grid-connected renewable energy achievement
B2.3: 1/3 - T1 and T2 closed on Enerfip, not yet repaid
B2.4: 2/3 - No insolvency proceeding identified, but gearing 2.23x, recurring net losses
B3 · Garanties & Sûretés 8.0/15
B3.1: 6/9 - First-rank pledge over equity interests registered, conditional on maximum amount
B3.2: 1/4 - Share capital 3,000€, recent company without substantial own funds
B3.3: 0/2 - No bank partner identified, project <2M€ no RF2
B4 · Structure financière 3.0/15faible
B4.1: 2/5 - Development project, no signed PPA, no grid connection, IRR not documented
B4.2: 0/4 - Own funds 3,000€ committed, quasi-total financing by crowd
B4.3: 0/4 - No stress test, Loan-to-Cost (ratio prêt/coût total) not calculable
B4.4: 1/2 - taux de couverture de la dette 0.92-0.95 below 1.0, gross margin 13% in progression
B5 · Pré-commercialisation 2.0/10faible
  • Class ENERGY: 5MW electrolyser development phase
  • No signed PPA, no secured licence, no confirmed grid connection
  • Advanced pre-development phase with previous tranches raised
B6 · Permis & Maturité 1.0/5faible
  • Development phase, no building licence obtained nor grid connection documented in the file
  • Green hydrogen project in Spain, pre-licence stage
B7 · Marché & Localisation 2.0/3
  • Renewable energy/green hydrogen market in Spain in structural growth
  • Confirmed bullish market trend
  • Green hydrogen emerging sector with strong potential but without established regulated tariff
⚠ Alertes détectées · −5 pts déduits
Aucune garantie réelle sur ce projet −5 pts

Conditional pledge over company with share capital of 3,000€ - guarantor solidity near zero; RF8 not triggered as guarantee formally documented (B3.1 > 0)

Points forts
✓Enerfip platform licensed PSFP AMF, excellent renewable energy track record (0% default).
✓Two previous tranches successfully closed (T1: 733,200€, T2: 199,380€).
✓First-rank pledge over minimum 51% of equity interests of the issuer.
✓Green hydrogen sector in strong European regulatory expansion.
✓Spanish real estate market in structural growth (+17% over one year).
Risques identifiés
!Issuer company with share capital of 3,000€, without audited accounts or substantial assets.
!DSCR below 1.0 (0.92-0.95): insufficient flows to cover current debt service.
!No signed PPA, no obtained licence, no confirmed grid connection for this electrolyser.
!Operator without documented grid-connected renewable energy achievement; company recently incorporated.
!Yield 11% per annum above renewable energy norm (5-9%); risk not compensated by solid guarantees.
Score card
Score card — H2Green La Isla T3
↓ Download
Voir toute l'analyse Enerfip →
Autres projets sur Enerfip
Colomiers - Silosun PV19 Renewable energy 84/100 Silosun PV19 – Perpignan Renewable energy 79/100 Billy-Berclau BESS Renewable energy 76/100 Pia Leclerc - Centrale Photovoltaïque AFD 44 Renewable energy 76/100
⚠ 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.