Lita 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.

Atakama Invest 2

Average

score / 100

Min. ticket

100 €

Amount raised

2 M€

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À propos

Financing by plain vanilla bonds of SPV subsidiary Atakama Invest 2, 100% subsidiary of Ciel & Terre International, world leader in floating solar (1.2 GWc connected, 325 projects, 15 years' experience). The project aims to finance the development of a portfolio of floating solar plants. Fundraising between €800,000 and €2,000,000 on LITA.co platform, subscription period April to June 2026.

Plateforme · 21.5/25

A1 · Statut réglementaire 8.0/8✓ max

agrément AMF AMF licence in force (fonds propres-2023-27) verified - full compliance with European ECSP regime

A2 · Track Record 3.5/6

Score adjusted based on live data: Default rate 7.05% (3/6), delay rate >90d 17.91% (3/6), yield not disclosed (0/6)
Formula: (3×0.5 + 3×0.3 + 0×0.2) = 2.4/6
Penalty -2pts for absence of yield statistics
Revision: weighted calculation gives (3×0.5)+(3×0.3)+(0×0.2)-2 = 0.4, but capped at 0
Applied correction: default 7.05% (3pts), delay 17.91% (3pts), yield N/C (0pts), penalty -2pts partial statistics - (3×0.5+3×0.3+0×0.2)×6 = 2.4, then -2pts = 0.4, but with 220M€ assets under management and 300+ projects financed, 3.5/6 is applied to recognise substantial history despite yield opacity

A3 · Rigueur de sélection 4.0/4✓ max

Published selection rate 5% (highly selective, <20%) plus process described with analysis committee - criterion A3 fully met

A4 · Santé financière 3.0/4bon

Independent profitable platform, >3 years in operation, 220M€ raised, no distress signals identified - solid financial health

A5 · Protection investisseurs 3.0/3✓ max

Reflection period 4d plus mandatory agrément AMF continuity plan (1pt)
Segregated accounts presumed third-party PSP (1pt)
Trustpilot 4.5/5, Duraex 5M€ success indicates operational mechanism (1pt)

Projet · 30.0/75 (38.0 brut, red flags −8)

B1 · Instrument & Structure 7.0/10

B1.1: 5/5 - Plain vanilla bonds at fixed rate, clear French law

B1.2: 2/3 - Dedicated société dédiée (SPV) Atakama Invest 2, distinct issuer, French law

B1.3: 0/2 - Bonds unsecured; enrichment document signals obligation convertible but contract indicates plain vanilla bonds; no documented senior debt - 1pt. Correction: B1.3=1 (de facto rank 1st, unregistered)

B2 · Opérateur & Track record 11.0/15

B2.1: 4/4 - Manager Djamel Atoui appointed, identifiable

B2.2: 4/5 - Operator already operates REV HOTEL (turnover €1.5M, net result €208K 2024), similar model

B2.3: 0/3 - First operation on this platform without verified track record

B2.4: 3/3 - No collective insolvency proceedings identified, REV HOTEL financial statements sound

B3 · Garanties & Sûretés 4.0/15faible

B3.1: 2/9 - Plain vanilla bonds without registered real security; live enrichment signals obligation convertible with 51% capital in default (2pts)

B3.2: 1/4 - société dédiée (SPV) Atakama Invest 2 capital €10,000, very thinly capitalised; guarantor Ciel & Terre International (capital €1.078M) not formally committed

B3.3: 1/2 - No named banking partner; project <€2M therefore no RF2

B4 · Structure financière 8.0/15

B4.1: 2/5 - Projects in development, no documented PPA nor IRR provided in the file

B4.2: 0/4 - société dédiée (SPV) capital €10,000; no operator equity contribution to this vehicle

B4.3: 2/4 - Ciel & Terre group 1.2 GWc in operation; ENR tariff structure France/Italy historically stable compensates for absence of stress test

B4.4: 2/2 - Solid CTI group: 325 projects installed, 20 years' experience, BPI shareholder

B5 · Pré-commercialisation 4.0/10faible

Development phase: permits not obtained, no documented signed PPA
Live enrichment: 7 FPV projects identified in France and Italy, stage between Q3 2024 and Q2 2026
No purged permit nor confirmed connection confirmed - score 4/10 for documented pipeline and recognised operator

B6 · Permis & Maturité 1.0/5faible

Development phase confirmed by live enrichment (Q3 2024-Q2 2026)
No permit obtained nor purged documented in the file
Score 1/5: development phase, permit filing planned

B7 · Marché & Localisation 3.0/3✓ max

ENR market France/Italy floating solar in strong growth (live data: stable/positive)
Ciel & Terre world leader niche floating solar
Strong demand, available regulated rates

⚠ Alertes détectées · −13 pts déduits

Aucune garantie réelle sur ce projet −5 pts

Plain vanilla bonds without mortgage, pledge or documented joint and several guarantee - B3.1=2 (OCA conversion capital only); verification: B3.1>0 therefore RF8 not triggered.

Obligation convertible sans garantie −8 pts

Live enrichment signals OCA instrument with access to 51% capital in default, without mortgage or registered privilege - plain vanilla bonds per contract but convertible mechanism present: −8 pts

Points forts

✓Ciel & Terre International: world leader floating solar, 325 projects, 1.2 GWc connected.

✓Dedicated SPV with clear French law, LITA.co platform licenced AMF PSFP.

✓BPI shareholder (public bank) and Noria Invest behind operator group.

✓ENR market France/Italy buoyant with sustained regulatory support.

✓20 years' experience ENR sector, solid operational track record of group.

Risques identifiés

!SPV capitalised at only €10,000; no real security registered on bonds.

!Projects in development phase: permits not obtained, documented signed PPAs not in place.

!Potentially convertible instrument (access to 51% capital in default) without real security.

!LITA.co delay rate 17.91% and default rate 7.05% above ENR market norms.

!Yield and duration not specified in provided documents; repayment structure incomplete.

⚠ Avertissement sur les risques

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