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Solairedirect
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Short description

Developer of solar PV installations for residential, commercial and community-scale customers

Founded in 2006
Founded in

Company type Acquired Public ()
Company type

Industry Group energy & power

Sector solar

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters France Paris, France
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Updated by Cleantech Group on 09/06/2021

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Date Company
02/25/2014

Solar Energy Corporation of India Solar Energy Corporation of India

Paris-based Solairedirect Group has been awarded two PV projects totalling 30MW by the Solar Energy Corporation of India.

Confirmed by Solar Energy Corporation of India

Partnerships
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Date Partner Type
04/06/2013
Schneider Electric Schneider Electric
Solairedirect and Schneider Electric develop a double solar park in India.
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Confirmed by Schneider Electric
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IPO INFORMATION

Date

04/30/2015

IPO status

Withdrawn

IPO Type

IPO

Amount

$195M

Initial shares

Ticker symbol

Exchange listed

Prospectus URL

Prospectus

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Description

French solar developer Solairedirect has postponed its 175 million euro IPO because of insufficient demand for the shares. A company statement said the IPO would not be going ahead.

Date Investors Type Amount
01/20/2015 BlackRock BlackRock , HSH Nordbank HSH Nordbank , KGAL KGAL , Capital Stage AG Capital Stage AG (4)
Post-money valuation of
Solairedirect has secured €168 million financing to build 13 solar parks in France, expected to have a total output of 136.8 MW.
Project Finance $195,000,000
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