Un Portefeuille De Projets Solaires De 320 MWc - 2 — 7%/an · 54 mois

Plateforme · 19.8/25

A1 · Statut réglementaire 8.0/8✓ max

agrément AMF licence AMF fonds propres-2023-22 in force since November 2023
Maximum status on the grid

A2 · Track Record 4.8/6bon

Default 0.34% (<1%) → 6/6
Delay 0.41% (<5%) → 6/6
Actual return vs announced: not explicitly communicated → 0/6
A2 = (6×0.5)+(6×0.3)+(0×0.2) = 4.8

A3 · Rigueur de sélection 2.0/4

Proven specialisation in renewable energy with €420M raised since 2014
No selection rate published nor detailed description of the analysis committee

A4 · Santé financière 3.0/4bon

Backed by 123 IM group, 90 employees, operational platform since 2014
Acquisition of Lendopolis in 2024 = expansion, not distress
Non-listed group/tier 1 institutional → 3 pts

A5 · Protection investisseurs 2.0/3

agrément AMF licensed → reflection period + continuity plan mandatory (1 pt)
Third-party escrow account for payments documented (1 pt)
No secondary market mentioned (0 pt)

Projet · 44.0/75

B1 · Instrument & Structure 8.0/10bon

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

B1.2: 2/3 - Issuer société dédiée (SPV) GDSOL ENERGIE EOS 3 dedicated, French law

B1.3: 1/2 - Pledge of securities first rank claimed but rank not formally registered mortgage

B2 · Opérateur & Track record 12.0/15bon

B2.1: 4/4 - Daniel Bour appointed, President, identifiable public profile

B2.2: 5/5 - 550 MWc connected, >50 MWc operation documented

B2.3: 2/3 - First tranche repaid successfully according to file

B2.4: 1/3 - BPI and La Banque des Territoires shareholders, balance sheet not communicated in detail

B3 · Garanties & Sûretés 8.0/15

B3.1: 6/9 - Pledge first rank on GDSOL ENERGIE EOS 3 securities registered

B3.2: 2/4 - Guarantor GDSOL EOS HORIZON, fonds propres not communicated, ratios not verifiable

B3.3: 0/2 - No banking partner identified on this project <2M€, no RF2

B4 · Structure financière 7.0/15faible

B4.1: 3/5 - IRR projects in development, purchase tariff obtained on 34 MWc only; majority without signed PPA

B4.2: 2/4 - Operator contribution not quantified; solid group but société dédiée (SPV) capital structure not detailed

B4.3: 2/4 - Loan-to-Value (ratio prêt/valeur actif) not calculable; diversified portfolio partially compensates

B4.4: 0/2 - Projects in development, taux de couverture de la dette not calculable, no majority contractualised revenues

B5 · Pré-commercialisation 4.0/10faible

Permits under examination (74 MWc) or studies underway (195 MWc)
Only 34 MWc with authorisation plus purchase tariff, 12 MWc imminent construction
Majority without PPA or cleared permit → 4 points partial advanced development stage

B6 · Permis & Maturité 3.0/5

Mixed portfolio: 34 MWc authorisation plus tariff, 74 MWc under examination, 195 MWc studies
Majority under examination → intermediate score 3/5

B7 · Marché & Localisation 2.0/3

Renewable solar energy France in strong structural growth, active CRE call for proposals, 500+ winners
Declining office market not applicable
Score adjusted thanks to live data: favourable renewable energy market France → 2/3

Points forts

✓Leading independent renewable energy operator France, 550 MWc installed, 130 employees.

✓BPI France and La Banque des Territoires minority shareholders of the group.

✓Pledge first rank on issuer SPV securities documented.

✓Revenue 100M€ in 2025, strong growth towards 140M€ forecast 2026.

✓First tranche of 2M€ raised successfully on this platform.

Risques identifiés

!Majority of projects (195 MWc) without permit or PPA: elevated risk of abandonment.

!Portfolio already suffered abandonments/suspensions between tranche 1 and 2.

!Balance sheet and financial ratios of GDSOL EOS HORIZON guarantor not communicated.

!No purchase tariff or PPA signed on more than 90% of portfolio by volume.

!Instrument pledge of securities: recovery long and uncertain in case of default.

⚠ 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.