29/03/2024

Bentam advises Banque des Territoires in its joint venture agreement with Dream Energy.

This joint venture agreement will allow Banque des Territoires and Dream Energy to invest €75 million in ultra-fast recharging.

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Dream Energy, a global player in renewable energies, and Banque des Territoires have announced the creation of a joint investment company (joint venture), 51% and 49% owned respectively, with €40 million in equity. With additional bank financing, notably from Crédit Agricole (Alsace Vosges), Dream Energy and Banque des Territoires will be able to invest €75 million in the construction and operation of almost 140 supercharging stations for electric vehicles in France.

Since 2007, Dream Energy, a subsidiary of the ARTEA Group, has been a global player in renewable energies, operating a French fleet of over 70 hydroelectric and photovoltaic power plants and holding a licence for the supply of electricity. The company also operates storage batteries and designs smartgrids to optimize the electrical management of high environmental value real estate developments. These energy pillars of production, supply and storage power a range of services, including electric mobility.

As a recharging operator for over 10 years, Dream Energy is building and operating an ultra-fast recharging network powered by its own renewable electricity. Located along major roads, and primarily domiciled in hotel parking lots or shopping areas with 24/7 access, these stations feature power stations of up to 300kW, enabling electric vehicles to be recharged in around 20 minutes.

A joint venture dedicated to financing low-carbon mobility

This co-investment company is targeting a total investment program of over €75 million, including €40 million in equity and quasi-equity financing.

The project is also supported by ADEME, through its France 2030 program, which has awarded Dream Energy over €13 million in investment subsidies.

With its integrated "Producer - Supplier - Charging Operator" model, Dream Energy has set up this joint venture with Banque des Territoires to accelerate the development of low-carbon mobility. By harnessing the hydropower and photovoltaic electricity produced locally by Dream Energy, these stations offer electromobilists a renewable, competitively priced recharging solution.

Continuation of a long-standing partnership

Via this partnership, Banque des Territoires is supporting a French company that has been an expert in renewable energies for over 15 years and leveraging this 100% French integrated model to contribute to regional development and decarbonization objectives. This new partnership is part of a long-standing collaboration between the listed ARTEA Group, parent company of Dream Energy, and Banque des Territoires, who have been partners since 2010 and founded the "L'Immobilière Durable" real estate company in 2021.

For this transaction, the Bentam team was led by Guillaume Ansaloni, accompanied by Milica Kovacevic.