Crypto

First “tokenization” of a solar bond: De Gaulle Fleurance and KiloWattsol advised BNP Paribas

Thanks to blockchain, renewable energy project commitments can now take the form of a token or “token”, which has many benefits: increased liquidity, dynamic aggregation capabilities between investors, and greater data transparency, in particular for ESG integration. data.

But in terms of legal and technical aspects, this tokenization is also an opportunity to develop new models in order to streamline the audit stages with a preliminary detailed analysis of all project risks.

The BNP PARIBAS teams turned to De Gaulle Fleurance (legal aspects and projects with Sylvie Perrin, partner, Sophie Weil, senior legal counsel, and Fatima Naili, lawyer) and KiloWattSol (technical aspects with Xavier Daval and Laurent Gobert), who contributed to the reflections o audit methodology and expectations of project sponsors.

The introduction of the new process aims to limit the time spent auditing projects at smaller sites, targeting key points analyzed in the context of their funding, and therefore limiting the associated costs.

The team relied on the solar roof project developed by EDF ENR.

“We are proud to have contributed to these reflections on the innovation expected by the sector,” explains Sylvie Perrine, Partner at De Gaulle Fleurance. “This tokenization will facilitate the financing and development of smaller ENR projects, using tokenization to streamline processes and increase transparency across the entire value chain. It is precisely these innovative projects that De Gaulle Fleurance wants to join in order to increase funding and investment in renewable energy. »

“We applaud the collective work brought about by this first PV asset tokenization project initiated by BNP PARIBAS,” said Xavier Daval, President of KiloWattSol. “This is a very good example of cooperation between technology and finance in the service of the energy transition. »

O
De Gaulle Fleurance is a joint group of lawyers and notaries. He supports his clients in France and abroad:
● 200 people at customer service and relationships built on high standards, responsiveness and creativity.
● Full cycle practice in all segments of commercial law and notaries;
● Market-recognized expertise (Chambers, The Legal 500, Best Lawyers and Leaders League);
● Presence in Paris, Brussels and Abu Dhabi;
● 18 spoken languages ​​(German, English, Arabic, Armenian, Chinese, Danish, Spanish, French, Hebrew, Italian, Japanese, Persian, Polish, Portuguese, Russian, Ukrainian, Turkish and Wolof);
● A network of correspondents selected for the quality of their services on all continents.

KiloWattSol is a leading technical expert in France and an independent third party with an international reputation for solar and storage projects:
● Completed 12,000 solar projects
● Combined capacity exceeding 30 GW on five continents.
● Intervention at all stages of projects through their technical analysis, whether during financing, construction, operation or acquisition
● Accompanying clients as a sparring partner
● Experience and technical expertise that brings real added value to complex projects and portfolios.
kilowattsol.com

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First “tokenization” of bonds intended for a solar energy project: De Gaulle Fleurance and KiloWattsol advised BNP Paribas

The BNP Paribas Group has spearheaded a global and transversal “tokenization” and bond distribution project intended to finance a photovoltaic project sponsored by EDF ENR.

Blockchain allows bonds issued for renewable energy projects to be structured as tokens, thus offering a number of benefits: increased liquidity, dynamic pooling opportunities between investors, and greater data transparency, especially for the inclusion of ESG data.

From a legal and technical point of view, this tokenization is also an opportunity to develop new models for optimizing audit stages with a preliminary detailed analysis of all the risks associated with the project.
The BNP PARIBAS team included De Gaulle Fleurance (together with Partner Sylvie Perrin, Senior Legal Counsel Sophie Weill and Partner Fatima Naili) and KiloWattSol (technical aspects reviewed by Xavier Daval and Laurent Gaubert) who were involved in defining the audit methodology, the needs and expectations of the project sponsors.

The introduction of this new process is intended to limit the time spent on auditing small projects, to target the main points analyzed in the context of their funding, and thus limit the associated costs.

The team worked on a solar roof project designed by EDF ENR.

“We are proud to have contributed to these reflections on the expected innovations in the industry,” explains Sylvie Perrin, Partner at De Gaulle Fleurance. “This tokenization will facilitate the financing and development of small-scale renewable energy based on its use to streamline processes and increase transparency along the entire value chain. financing and investment in renewable energy sources”.

“We are very pleased with the collective work done on this first PV asset tokenization project initiated by BNP PARIBAS,” said Xavier Daval, President of KiloWattSol. “This is a very good example of cooperation between technology and finance in the service of the energy transition.”

About Us
De Gaulle Fleurance is a joint group of lawyers and notaries. He supports his clients in France and abroad:
• 200 people at customer service and relationships built on high standards, responsiveness and creativity.
• Full practice in all areas of business and notarial law;
• Market recognized expertise (Chambers, The Legal 500, Best Lawyers and Leaders League);
• Presence in Paris, Brussels and Abu Dhabi;
• 18 communication languages ​​(Arabic, Armenian, Chinese, Danish, English, French, German, Hebrew, Italian, Japanese, Persian, Polish, Portuguese, Russian, Spanish, Ukrainian, Turkish and Wolof);
• A network of correspondents selected for the quality of their services on all continents.

KiloWattSol is France’s leading technical expert and an internationally recognized independent third party for solar energy and storage projects with:
• 12,000 solar projects completed
• Over 30 GW combined capacity on five continents.
• Intervention at all stages of projects through technical analysis, whether during financing, construction, operation or acquisition
• Accompanying your clients as a sparring partner
• Experience and technical expertise that brings real added value to complex projects and portfolios.
kilowattsol.com

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