Projet Eolien De La Plaine Des Vaulois — 7.5%/an · 36 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 · 48.0/75

B1 · Instrument & Structure 8.0/10bon

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

B1.2: 2/3 - Dedicated société dédiée (SPV) PARC EOLIEN DE LA PLAINE DES VAULOIS, clear French law

B1.3: 1/2 - Rank not formally registered, non-subordinated bond known

B2 · Opérateur & Track record 12.0/15bon

B2.1: 4/4 - Tanguy Le Brun appointed, RWE publicly identifiable

B2.2: 5/5 - RWE 4th renewable energy producer in Europe, 265 MW commissioned, solid group

B2.3: 1/3 - 1st operation on Lendosphere, RWE reputable on other AMF platforms

B2.4: 2/3 - No proceedings, subsidiary created 2020, group balance sheet not communicated locally

B3 · Garanties & Sûretés 11.0/15

B3.1: 7/9 - GAPD issued by RWE Renewables Europe & Australia GmbH covering capital and interest

B3.2: 3/4 - RWE group guarantor, fonds propres group >€5M, gearing not communicated locally but group investment grade

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

B4 · Structure financière 7.0/15faible

B4.1: 2/5 - Project in development, no signed PPA or grid connection, instruction phase

B4.2: 2/4 - Marginal crowdfunding (€75K) on 26.4 MW project, substantial RWE contribution implicit

B4.3: 2/4 - No documented stress test, but crowd Loan-to-Cost (ratio prêt/coût total) structurally very low

B4.4: 1/2 - taux de couverture de la dette not documented, revenues not contractualised at this stage

B5 · Pré-commercialisation 4.0/10faible

ENERGY Class: permit under instruction (application filed 2023, public inquiry scheduled end 2026)
No signed PPA, no confirmed grid connection
Advanced development phase but no permit obtained → 4/10

B6 · Permis & Maturité 3.0/5

Environmental authorisation application filed in 2023, instruction underway, public inquiry scheduled end 2026
Permit not yet obtained → 3/5 (under instruction)

B7 · Marché & Localisation 3.0/3✓ max

Score adjusted thanks to live data: French renewable energy market in strong growth (27.9 GW installed, +6 GW in 2025), PPE3 target 48 GW, favourable solar capture price 80-85%
Normandy good documented wind resource → 3/3

Points forts

✓GAPD issued by RWE Renewables Europe & Australia GmbH covering capital and interest in full

✓RWE operator: 4th renewable energy producer in Europe, 265 MW commissioned, reference group

✓Very low collection amount (€75,000) on a 26.4 MW project - marginal crowd exposure

✓French wind market in strong growth, PPE3 documented political support

✓Rate 7-8%/year within renewable energy norms, simple bond French law, dedicated SPV

Risques identifiés

!Environmental authorisation not yet obtained - public inquiry scheduled end 2026, risk of refusal or appeals

!No signed PPA, revenues not contractualised, planned commissioning 2029 uncertain

!Loan repayment planned December 2029, prior to commissioning - depends on internal RWE refinancing

!Grid connection delays (12-36 months Enedis) and supply tensions for modules (+30% since Jan 2026)

!Collection initially reserved for local residents - investor liquidity and visibility limited

⚠ 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.