Be part of Langur’s growth, a well-established company specialising in renewable energies
Two fundraising rounds have already been successfully completed with this project developer on the Total Energies Invest platform: Sol de Portugal, a construction financing for a solar project portfolio in Portugal (€4,962,910 over 18 months at 8.75%, maturing July 2026), and H2Move, a corporate financing for the HVR activity (€5,000,000 over 48 months at 12%, maturing May 2029).
Langur is launching this third issue with the aim to refinance part of its initial issue and funding its expansion strategy by facilitating the acquisition of companies specialising in the renewable energy sector and/or, directly, portfolios of projects at the final stages of development or ready-to-build (RTB) projects.
Langur’s activities can be summarised in three points.
🔹 Renewable energy sector (primarily solar and green hydrogen)
🔹 FinTech
🔹 Home services
The aim of this fundraising is to raise €5 000 000 in various tranches through a bond issue with a maturity of 3 years and an interest rate of 8.75%. For this first tranche, Langur aims to raise up to 2 500 000€.
The offer
Objective
The operation aims to raise a first tranche of €1 000 000 with a ceiling that can be increased up to €2 500 000. The total fundraising target is €5,000,000 in the form of senior debt.
Use of Funds
The funds will be used by Langur to refinance part of its initial issue and fund its expansion strategy by facilitating the acquisition of companies specialising in the renewable energy sector and/or, directly, portfolios of projects at the final stages of development or ready-to-build (RTB) projects
Repayment
The repayment strategy is based on the sale of shareholdings and/or certain renewable energy project portfolios in Spain or Portugal. The issuer is required to provide advance notice in the event of the sale of shareholdings in Langur Portugal, HVR and FF Ventures. Total Energies Invest may trigger a partial or full early repayment of the issue.
Security
This new financing is secured by a pledge of 10% of the issuing company’s shareholdings. This pledge will rank pari passu with that of the HVR issue (15%), meaning that the two security interests will coexist on an equal footing.
Financial Structure
- Issuance of simple bonds in Spain by Langur Holding Corporation SL
- Maturity of 3 years with an annual interest rate of 8.75%
- Rank of the obligations: Senior
Project timeline
| Step | Timing | Action | Details |
|---|---|---|---|
| Tranche 1 Launch | Mid-May | New corporate issuance | Fundraising target: €2.5M — proceeds used for partial refinancing of the Sol de Portugal 1st issuance |
| Tranche 1 Close | End of June 2026 | End of fundraising | Confirmation of the actual amount raised, allowing the project developer to provide the remaining balance |
| Repayment | 7 July 2026 | Full repayment of Sol de Portugal — 1st issuance | €5M + interest repaid to investors (amount raised in T1 + balance contributed by the project developer) |
| Tranche 2 Launch | Mid-July 2026 | Corporate issuance | Fundraising target: €2.5M — proceeds allocated to group growth |
Repayment mechanism on 7 July: Amount raised in Tranche 1 + balance contributed by the project developer = full repayment of €5M + interest from the Sol de Portugal issuance.
Specifications
Investment phases
- Investment open to everyone
End of project financing
Resources
Simulator
Investment simulation
Langur Invest -
Obligation
8.75%/year over 3 years
Simulation - Rate : 8.75% / year on 3 ans
Initial investment:
€5,000
Repayments and interest:
€6,312.5
In 3 transfers
| Date | Interest* | Capital | Amount |
| 23/06/2027 | €437.5 | €0 | €437.5 |
| 23/06/2028 | €437.5 | €0 | €437.5 |
| 23/06/2029 | €437.5 | €5,000 | €5,437.5 |
| Total | €1,312.5 | €5,000 | €6,312.5 |
|
*Gross interest before tax, including all fees ( view taxation ) The dates are indicative. The final dates will be available once the project is officially closed. The result presented is not a forecast of the future performance of your investments. It is only intended to illustrate the mechanics of your investment over the investment period. The evolution of the value of your investment may vary from what is shown, either increasing or decreasing. |
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The project
The Langur Group has extensive experience in the management and strategic leadership of companies, with a particular specialisation in renewable energy. Its expertise spans both established sectors such as solar and wind power, and new technologies such as battery energy storage and green hydrogen.
The group aims to strengthen its position in the management and operation of renewable assets. With this in mind, Total Energies Invest supported the development of an initial portfolio of assets in Portugal in early 2025. Today, Total Energies Invest is offering bond financing to support the group’s growth. Several investment opportunities are available to the Langur Group in renewable energy project portfolios, either in the development phase or ready for construction.
Langur Growth Strategy
For 2026, Langur Holding Corporation intends to focus its efforts on three key opportunities, which will constitute the main uses of the funds raised from the second tranche of this bond issue.
1) Acquisition of shares in a Spanish company specialising in renewable energy
Acquisition of shares in FF Ventures, a 50 employees spanish company specialized in the development of BESS, Solar, wind and datacenters projects. A share purchase agreement (SPA) has been signed between the two parties (Langur Holding Corporation and the vehicle Ibéria Invest, which had received crowdfunding from Total Energies Invest) for the acquisition of a 19.61%.
2) Two solar power projects in Spain
Acquisition of two solar power projects in Spain (Seville region) with a total capacity of 25.5 MWp.
The two solar farms, Huevar 1 and 2, have a total installed capacity of 19.6 MW (25.5 MWp) and are capable of producing a combined 52,520 kWh per year. Both projects have reached RTB (Ready to Build) status, but in the meantime, the developer has requested that the electricity network operator combine these two projects to increase profitability.
A LOI (Letter of Intent to Purchase) has been sent by Langur Holding Corporation; awaiting signature by the seller.
Localisation of the solar projects :
3) Acquisition of a 15MW portfolio of solar projects in Portugal
The subsidiary, Langur Portugal, is in the process of acquiring a portfolio of six solar projects totalling 15 MW in Portugal (the Golden Wink project).
The transaction involves the purchase of licences from the developer for a total of approximately €3 million. For information, Langur Portugal has previously worked with and purchased RTB projects from this European developer in December 2024; Total Energies Invest had financed part of the acquisition and construction for €5m.
Langur Portugal is currently in negotiations with Millenium Bank, a Portuguese bank, which financed part of the first project portfolio. The project finance will be arranged under similar terms to the initial financing as soon as the entire first portfolio of projects has been built and commissioned (expected September–October 2026).
Details of the portfolio :
Langur company portfolio
Langur holds stakes in several companies operating in the fields of energy storage, green hydrogen, solar photovoltaics and energy consultancy.
Financial strength of the issuer (Langur Group parent company)
The 2025 preliminary financial statements demonstrate the Group’s financial strength, with revenue of €5.5 million (similar to last year) and a net profit of €800,000.
The balance sheet is stable, with a high level of equity and no financial debt (other than the initial Total Energies Invest offering, which will be repaid with the first tranche of this corporate financing).
What about Iberia Energy Market?
Spain and Portugal have reached a major milestone, with renewables now accounting for the lion’s share of their electricity mix; this reflects the progress made by governments in their energy transition. The Iberian Peninsula remains one of the top destinations for investors in Europe, driven by exceptional solar and wind potential and a clear regulatory framework.
Spain and Portugal are among Europe’s most dynamic renewable energy markets, underpinned by exceptional solar and wind potential and clear regulatory ambitions. But since 2024, the landscape has changed: the massive influx of solar capacity has led to a cannibalisation of spot prices, recurring episodes of negative prices and increasing curtailment of generation. Solar PPA prices have followed suit, falling below €35/MWh.
This structural paradox stems from a profound imbalance: the peninsula produces more green electricity than it can consume or export. Without reinforced internal grids, sufficient storage and interconnections with the rest of Europe, surpluses lead to wastage and maintain a persistent reliance on gas to balance the grid.
In this more challenging environment, the market has entered a phase of maturity and selectivity. Access to financing is becoming more concentrated on the best-structured projects: secure grid connection, credible long-term PPAs, and hybridisation with storage. Operational assets and RTB projects continue to attract institutional investors, whilst early-stage pipelines are facing a significant discount.
The quality of assets is now emerging as the key factor, far beyond mere exposure to renewables.
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Project owners
Langur Holding Corporation – Strategic advice and development support for sectors of the future.
Langur Holding Corporation provides strategic consultancy, business structuring and international development services to companies in the energy, FinTech and home services sectors.
1) Company overview
Langur Holding Corporation is a Spanish private holding company founded in 2016, structured to manage minority and majority stakes across companies in Europe, LatAm, and the GCC (Gulf Cooperation Council). Beyond capital, Langur provides its portfolio companies with strategic advisory, commercial structuring, and market entry support.
| Key Figures | |
|---|---|
| Cumulative experience | 10+ years in business development & financial structuring |
| Portfolio companies | 9+ equity participations |
| Estimated equity value | €226M+ (May 2026) |
| Solar PV projects | 31 MW in construction / operation |
2. Core Business Areas
🔹 Renewable Energy (solar PV, green hydrogen, battery storage) 🔹 FinTech 🔹 Home Services
3. Leadership Team
Luis Felipe Suarez-Olea — CEO & Shareholder Investment banking and finance professional with 24 years of experience in financial structuring and asset placement. Luis Felipe has held senior roles across leading global firms, including Global Head of Transaction Advisory at Enzen Group, CFO at Martifer Solar, Head of Structured Finance at Abengoa (where he led €7Bn in project financing), and Corporate Finance M&A Director at Banco Popular. He began his career in management consulting at KPMG and Arthur Andersen.
Jacobo Rojo Ruiz — Co-Founding Partner Agronomist by training, with a Master’s in Sports Business Management (UNISPORT, Barcelona). Over 25 years in the management of international equestrian competitions, including as Director of Competitions for Spain’s national association of pure-bred Spanish horse breeders.
German Alcayde — Strategic Advisor Executive Chairman of Atlantic Business Consulting, specialising in international commercial expansion. Key background includes: Chief of Staff to former Spanish Prime Minister José María Aznar Director General of Education, Madrid Regional Government Senior roles at Signium, Michael Page, Arval (BNP Paribas), AC Hotels by Marriott 20 years of experience with a strong diplomatic and commercial network across Europe, North America, and Latin America
Our analysis
Risk overview
Counterparty risk
Risk of counterparty payment default that would jeopardize the project's cash inflows
Mitigation methods
The group’s parent company (and the issuing company) is financially sound. The current valuation of the Langur Group’s holdings is also significant.
Refinancing risk
Credit risk related to the company's ability to refinance and meet its debt obligations.
Mitigation methods
Langur Holding Corporation plans to carry out several divestments over the next 1 to 4 years, as part of a clearly defined growth strategy. The repayment of the corporate financing depends on the completion of these divestments, with the current valuations of the holdings being significantly higher than the amount of the financing. Liquidity remains contingent upon the completion of the divestments, but the valuation prospects and the tangible value already identified for certain assets provide reassurance regarding solvency. Furthermore, in the event of default, Total Energies Invest may enforce the pledge of 10% of the issuing company’s shares (current value of this security: approximately 4.5 times the amount of the proposed financing).
Operating risks
Risk related to an activity that depends on a limited number of key persons responsible for carrying out the planned strategy. The risk is that one of these key persons leaves the project.
Mitigation methods
The Langur Group, led by Mr Luis Suarez for over 10 years, has extensive experience in business management and strategic leadership, with a particular specialisation in renewable energy.
Investing in this participatory financing project involves risks, including the risk of total or partial loss of the capital invested. Your investment is not covered by the deposit guarantee schemes established in accordance with directive 2014/49/EU of the European Parliament and of the Council . Your investment is also not covered by the investor compensation schemes established in accordance with Directive 97/9/EC of the European Parliament and of the Council . Return on investment is not guaranteed. This is not a savings product, and we recommend that you not to invest more than 10% of your net assets in participatory finance projects. You may not be able to sell the investment instruments when you wish. If you are able to sell them, however, you may incur losses.
