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.

Porchet – Serre Agricole Photovoltaïque

Strong

score / 100

Yield

6.5%/yr

Duration

42 months

Min. ticket

10 €

Amount raised

500 k€

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À propos

Crowdfunding of 500,000 € via simple bonds to refinance 11% of CAPEX for construction of a 3.8 MWc agricultural photovoltaic greenhouse located at Rives-d'Autise (Vendée, 85). The issuer is Reden 2024 S2, subsidiary of Reden Solar group (French IPP, 1.1 GWc in operation) and Banque des Territoires (CDC). The project, PPE2 laureate, benefits from a CRE purchase tariff secured over 20 years; it is in construction phase with delivery scheduled for S1 2027.

Plateforme · 22.0/25

A1 · Statut réglementaire 8.0/8✓ max

agrément AMF licence granted by AMF on 6 December 2022 (fonds propres-2022-2), registre ORIAS n°15003274
Status fully compliant, currently valid

A2 · Track Record 6.0/6✓ max

Default 0.8% (<1% → 6 pts×0.5=3.0)
Delay 0.8% (<5% → 6 pts×0.3=1.8)
Realised yield ~5.9% compliant with announced ranges → 6 pts×0.2=1.2

A3 · Rigueur de sélection 3.0/4bon

RES selection process documented and recognised (technical, legal, financial due diligence)
Selection rate not explicitly published in available data

A4 · Santé financière 3.0/4bon

Independent platform founded in 2014 (>10 years), no distress signals
Active European expansion (Spain, Italy, Netherlands)
Fund launch 2026
No direct institutional backing

A5 · Protection investisseurs 2.0/3

agrément AMF licensed → mandatory 4-day reflection period + continuity plan (1 pt)
Segregated accounts via third-party payment service provider Mangopay (1 pt)
No operational secondary market identified (0 pt)

Projet · 46.0/75 (51.0 brut, red flags −5)

B1 · Instrument & Structure 8.0/10bon

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

B1.2: 2/3 - Direct borrowing from société dédiée (SPV) issuer Reden 2024 S2, clear French law

B1.3: 1/2 - Simple bond, no known undocumented senior debt, ranking not registered

B2 · Opérateur & Track record 12.0/15bon

B2.1: 3/4 - Management partially named (F. Demaille, President), partial profile

B2.2: 5/5 - IPP 1.1 GWc in operation, >18 years, leader in agrivoltaic greenhouse France

B2.3: 3/3 - 8 operations repaid without incident on Enerfip

B2.4: 1/3 - Recent société dédiée (SPV), 2024 balance sheet in pre-operation, zero revenue, negative profit (-916k€)

B3 · Garanties & Sûretés 5.0/15faible

B3.1: 0/9 - No security retained, expressly mentioned in the file

B3.2: 0/4 - No documented guarantor

B3.3: 2/2 - Bank credit of 44M€ granted by Auxifip (Crédit Agricole subsidiary), bank named and amount specified. Reden group joint and several guarantee not formalised → B3.1=0 ; RF8 applicable

B4 · Structure financière 12.0/15bon

B4.1: 5/5 - PPA/CRE tariff secured 20 years at 97.5€/MWh; crowd financing = 11% CAPEX, project IRR not published but long-term regulated tariff

B4.2: 4/4 - Crowd = 11% of total, bank financing + equity = 89%

B4.3: 3/4 - Fixed CRE tariff over 20 years limits revenue stress; EBITDA ~280k€/year vs crowd annual charge ~32k€, very comfortable ratio

B4.4: 0/2 - Project taux de couverture de la dette not explicitly calculated; net result negative first 4 years of operation

B5 · Pré-commercialisation 8.0/10bon

CRE purchase tariff secured over 20 years (PPE2 call for tenders laureate)
Project under construction, delivery S1 2027
Electricity sales contract equivalent to long-term PPA with regulated public entity

B6 · Permis & Maturité 4.0/5bon

PPE2 laureate project (building permit obtained, tariff awarded)
Construction in progress, delivery S1 2027
Authorisation obtained; possible challenge periods not specified but site launched

B7 · Marché & Localisation 2.0/3

Renewable energy market France in growth (PPE3 adopted, rising trend)
Fixed CRE tariff at 97.5€/MWh protects against spot fluctuations (40-63€/MWh in 2026)
Established and politically supported market

⚠ Alertes détectées · −5 pts déduits

Aucune garantie réelle sur ce projet −5 pts

No real guarantee or security of any kind documented on this 500,000 € project - total absence of guarantee (neither mortgage, nor pledge, nor formalised joint and several guarantee)

Points forts

✓CRE purchase tariff secured over 20 years at 97.5€/MWh, stable contractual revenues.

✓Sponsor Reden Solar: leading IPP, 1.1 GWc in operation, 8 repayments without incident on Enerfip.

✓Bank financing of 44M€ by Auxifip (Crédit Agricole), solid external validation.

✓Share ownership strengthened by Banque des Territoires (Caisse des Dépôts), indirect institutional guarantor.

✓LTC crowd very low (11%), limited exposure to construction risk.

Risques identifiés

!Total absence of security expressly documented, no real guarantee or formalised guarantee.

!Repayment of capital provided by CCA contribution or new junior financing: refinancing risk not zero.

!SPV Reden 2024 S2 in pre-operation, deficit balance sheet (-916k€), zero revenue to date.

!Project under construction, delivery S1 2027: site delay risk not covered by security.

!Regulatory uncertainty renewable energy post-2028 (biomethane) and extreme climate risks (drought, heatwave).

⚠ 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.