Join the revival of 3 hydroelectric power plants in France
The Acta Aquitaine project, developed by Acta Power, involves acquiring and rehabilitating 3 run-of-the-river hydroelectric power plants , located in Dordogne and Charente.
This portfolio contributes to the deployment of low-carbon energy and energy sovereignty. 5.2 GWh of clean electricity will be produced each year, equivalent to the consumption (excluding heating) of more than 2,300 people *.
For this operation, Acta Power is seeking to raise 2,000,000 € in a single tranche .
The 3 power plants, already in operation, have secured new electricity purchase contracts in exchange for renovation and performance improvement work to enhance their performance .
*Annual electricity consumption of a household excluding heating: 4,792 kWh ( Ademe ), 2.15 people per household ( Insee )
Moulin de Mattard © Acta Power
The offer
Acta Power is a French company that offers an investment opportunity in the financing of 3 hydroelectric plants located in Dordogne and Charente, grouped within the company Acta Aquitaine.
OBJECTIVE
The crowdfunding operation of Acta Aquitaine aims to raise up to 2,000,000 euros .
USE OF FUNDS
These funds will be used by the project holder to finance the acquisition of 3 hydroelectric plants .
REPAYMENT
The repayment of the bonds will take place through long-term refinancing .
SECURITY
Investors benefit from a first-ranking pledge on the securities account of the issuing company .
TAX SAVING MEASURE
The project is eligible for the PEA PME . If you wish more information, visit our blog article l’Empreinte and our video on Youtube on this subject.
LEGAL STRUCTURE AND TOTAL ENERGIES INVEST’S INVOLVEMENT
Specifications
Investment phases
- Investment open to everyone
End of project financing
Resources
Simulator
Investment simulation
Acta Aquitaine -
Obligation
8%/year over 3 years
- PEA-PME
Simulation - Rate : 8% / year on 3 ans
Initial investment:
€5,000
Repayments and interest:
€6,200
In 3 transfers
| Date | Interest* | Capital | Amount |
| 31/12/2026 | €400 | €0 | €400 |
| 31/12/2027 | €400 | €0 | €400 |
| 31/12/2028 | €400 | €5,000 | €5,400 |
| Total | €1,200 | €5,000 | €6,200 |
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*Gross interest before tax, including all fees ( view taxation ) 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 genesis
Acta Power began its activity by developing software for identifying suitable sites for the installation of hydroelectric power stations and for modelling water flows. With this experience and the company’s internal expertise, Acta Power aims to become an electricity producer, primarily through the acquisition of existing hydroelectric power stations .
Three run-of-river hydroelectric power stations in Dordogne and Charente have been identified to start operations.
💧 Technology: hydroelectric power
Hydropower is the leading source of renewable electricity in France (and the second largest low-carbon source after nuclear), accounting for nearly 14% of the electricity mix in 2014 ( RTE ).
In 2023, hydroelectric power represented an installed capacity of 25,864 MW ( France Hydro Électricité ). It is broken down into more than 2,500 facilities distributed by power as follows:
- Step-through power stations 26%
- Sluice-type power stations 16%
- Reservoir power stations 40%
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STEP: pumped storage power station 18%
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💡 Did you know?
Run-of-river power stations are located along the course of rivers. There is no water retention and electricity is produced in real time, with no storage capacity, unlike dams. Run-of-river power stations have little or no capacity to modulate their production according to demand, and their output varies greatly depending on climatic events (rainfall, droughts, seasons, etc.).
On the other hand, they only require simple and less expensive installations than those of higher-power plants. Therefore, their production cost is lower, which compensates for the lower service provided.
🌊 Power stations
Acta Power, through its subsidiary Acta Aquitaine, will acquire, in whole or in part, three wind turbines with a total installed capacity of 1,000 kW .
| Project name | Ménesplet Mill | Mattard Mill | Mauriac Mill | | — | — | — | — | Department Dordogne Charente Dordogne | Exploited watercourse | L’Isle | La Charente | L’Isle | | Power before works | 698 kW | 360 kW | 80 kW | | Power after the works | 652 kW | 374 kW | 245 kW | | ** CAPEX 2 000 k€ 1 715 k€ 1 275 k€ | Electricity sales contract | EDF H16 bis & PPA LLUM | EDF H16 bis | EDF H16 bis |
New 20-year H16 Bis2 purchase obligation contracts have been secured with EDF Obligation d’Achat (EDF OA). In order to benefit from an attractive tariff that will more than double its current turnover (CA), Acta Power will have to carry out refurbishment work on the hydroelectric power stations.
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🚧 Rehabilitation works
In exchange for the rates guaranteed under the purchase obligation contracts, work must be carried out to replace the main components of the power stations (turbines, generators, control systems, etc.). The previous owners do not wish to finance these investments, and Acta Power has taken advantage of this opportunity to acquire the three power stations.
Molinos Ménesplet Mattard Mauriac | — | — | — | — | | Planned works | replacement of turbines 2 and 3 with two 200 kW Kaplan units | replacement of the four units with three 160 kW Kaplan turbines | replacement of the two units with Kaplan turbines |
Firstly, Acta Power will complete the purchase of shares and take control of the companies Moulins de Ménesplet, Mauriac and Mattard at the end of 2025. Renovation work will begin in the summer of 2027, as the manufacturing period for the turbines is approximately one year.
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⚡️ Electricity resale
EDF Contract H16 bis
All new installations will sell their electricity through an EDF H16 bis purchase obligation contract .
PPA TODAY
The facilities preserved in their current state will sell their electricity through a Power Purchase Agreement (PPA) to LLUM , a French green electricity supplier based in the Eastern Pyrenees.
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Impact
Project owners
🌊 Experts in Hydropower Project Development
Founded in 2022, Acta Power specializes in the development of renewable energy projects, particularly hydropower. Positioned across all phases of projects, from development to operation, the company focuses on solutions best integrated into their environment.
Carried by 4 partners with over 65 years of combined experience in energy and hydropower, Acta Power has developed several services that it offers to different actors in the hydropower sector in Europe.
Screening
Cross-analysis of numerous geographical data sources to compile inventories of sites with high renewable energy potential (gravitational hydropower, pumped-storage, or photovoltaic projects)
Hydrological Modeling
1. Watercourse Flow
The team from French public research develops modeling tools based on the latest work from INRAE, to reconstruct past flows and predict future flows of watercourses.
2. Impact of Climate Change
In collaboration with the Laboratory of Climate and Environmental Sciences (LSCE), Acta Power analyzes the expected impacts of climate change on hydrology to ensure the sustainability of projects.
3. Evaporation of Water Bodies
Based on the FLake model, Acta Power's simulations allow for reliable, rapid, and cost-effective evaluation of water loss due to evaporation across various water bodies.
Our analysis
Risk overview
Construction risks
Risk of higher construction costs due to rising raw material prices
Mitigation methods
Les 3 centrales à remettre à niveau sont aujourd’hui déjà en exploitation. En conséquence, les travaux de génie civil, de raccordement, et de construction de bâtiment seront superficiels. La majeure partie de la main d’œuvre aura pour objet de remplacer les turbines, et de remettre à neuf la machinerie des moulins. De surcroît, la part de la main d’œuvre dans les CAPEX est assez réduite. Et avec les devis des turbines Kaplan pour chaque centrale reçus, les risques d’augmentation de CAPEX sont mesurés.
Refinancing risk
Credit risk related to the company's ability to refinance and meet its debt obligations.
Mitigation methods
Les flux opérationnels tirés de la vente d’électricité au tarif d’achat sécurisé sont prévus pour début 2028. D’ici là, l’activité des centrales ne pourra pas dégager de trésorerie suffisante pour rembourser le capital de la dette Total Energies Invest. Le remboursement aura donc pour origine un refinancement via un fonds d’investissement ou une nouvelle levée obligataire participative. Ce risque est atténué grâce au profil des travaux à réaliser. En effet, ayant affaire à des centrales en exploitation, elles disposent chacune de structures déjà établies, limitant ainsi l’objet de la main d’œuvre au remplacement des turbines, et à l’adaptation des machines et du réseau de distribution à celles-ci.
Operating risks
Risk of poor project operation, faulty workmanship or machine breakdown resulting in poor performance.
Mitigation methods
La structure Acta Power en elle-même ne possède pas de track record concernant la gestion de projet de ce type. Il présente, sans trésorerie solide, un risque fiancier. Cependant, les associés ayant fondé Acta Power possèdent une expérience réussie en tant que manager d’équipe chargée de financer, développer, construire et exploiter des centrales hydroélectriques de petits comme de gros calibres. Bien que les centrales disposent de contrats d’achat d’électricité, elles ne seront pas en activité lors des opérations de remises à niveau. Pour pallier ce risque, le financement Total Energies Invest a été structuré afin d’offrir un matelas de liquidités suffisant, dans l’attente du financement bancaire, également dimensionné pour proposer une marge de liquidité confortable.
Operating risks
Technological risk that the system will not perform as expected, or that performance will degrade more rapidly than anticipated.
Mitigation methods
La technologie choisie (Kaplan) pour ce projet fait référence dans le secteur hydroélectrique. Les équipes réalisant la maintenance des centrales sont déjà constituées et assureront la continuité de l’activité. De plus, Acta Power, via ses associés, possède également en interne les compétences nécessaires afin d’assurer la maintenance des centrales.
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.
