Regulatory News:
La Française de l'Énergie (Paris:LFDE) (Euronext: LFDE ISIN: FR0013030152), producer of energy with a negative carbon footprint, and Lendosphere, the leading crowdfunding platform dedicated to sustainable development projects in France, are proud to announce that the Gazonor Béthune project has raised 5,500,000 in record time.
€ 5,500,000 successfully raised in record time
Within two months, Gazone Béthune, a subsidiary of La Française de l'Energie, raised 5,500,000 in crowdfunding via the Lendosphere platform, to refinance the equity invested by the Group in this flagship project, thus representing one of the most important crowdfunding done in France.
Since January 2021, Gazonor Béthune has been operating two cogeneration units (3 MW of installed capacity) supplied by abandoned mine methane from the old mining galleries in Hauts-de-France, allowing to convert this gas into green electricity and heat used by the consumers located in the town of Béthune.
1,708 citizens are supporting La Francaise de l'Energie's project
1,708 citizens have participated in this financing for the development of this local, sustainable and virtuous project that is part of the Rev3 initiative developed by the Region. Thanks to this project, the city's heating network will rank among the greenest and most price competitive in France.
Almost 40% of the funds raised came from residents of the Hauts-de-France region, once again demonstrating the relevance of the local model promoted by La Française de l'Energie. Individuals have invested between 100 and 500,000.
"We warmly thank the 1,708 citizen-lenders for their trust and support in this unique project in Europe developed by Gazonor Béthune. The fundraising largely exceeded the objective initially set, and its success confirms our desire to continue to involve citizens in the development of energy solutions with strong environmental, economic and social impacts for the territories concerned.", welcomes Julien Moulin, Chairman of La Française de l'Energie.
"The success of this crowdfunding proves the relevance of our model based on a strict selection of projects, based both on their economic model and their environmental added value, and on a community of investors sensitive to the meaning of their savings and capable to invest significant amount of capital", explains Laure Verhaeghe, CEO of Lendosphere.
For the Béthune site, an estimated 150,000 tonnes of CO2 emissions will be avoided each year thanks to the capture of this abandoned mine gas that will be then transported to Béthune, where the two cogeneration units will transform it into green electricity and heat.
La Française de l'Energie continues its deployment in order to achieve its annualized turnover targets of 35 million for an EBITDA margin of over 45% by the end of 2022.
Next announcement:
March 23, 2021 Half-year results 2020/2021
Reuters code: LFDE.PA |
Bloomberg code: LFDE.FP |
About La Française de l'Énergie
La Française de l'Energie is an SME with a negative carbon footprint, specializing setting up decentralized energy production sites. La Française de l'Energie supplies gas, green electricity and heat to regional players, thus replacing imported energy with local, cleaner energy. La Française de l'Énergie has strong development potential and aims to become a benchmark independent player in the energy sector in Europe. The company benefits from the iinnovative company label awarded by Bpifrance.
More information available on www.francaisedelenergie.fr
Disclaimer
This press release contains certain forward looking statements and estimates concerning LFDE's financial condition, operating results, strategy, projects and future performance and the markets in which it operates. Such forward-looking statements and estimates may be identified by words such as "anticipate," "believe," "can," "could," "estimate," "expect," "intend," "is designed to," "may," "might," "plan," "potential," "predict," "objective," "should," or the negative of these and similar expressions. They incorporate all topics that are not historical facts. Forward looking statements, forecasts and estimates are based on management's current assumptions and assessment of risks, uncertainties and other factors, known and unknown, which were deemed to be reasonable at the time they were made but which may turn out to be incorrect. Events and outcomes are difficult to predict and depend on factors beyond the company's control. Consequently, the actual results, financial condition, performances and/or achievements of LFDE or of the industry may turn out to differ materially from the future results, performances or achievements expressed or implied by these statements, forecasts and estimates. Owing to these uncertainties, no representation is made as to the correctness or fairness of these forward-looking statements, forecasts and estimates. Furthermore, forward-looking statements, forecasts and estimates speak only as of the date on which they are made, and LFDE undertakes no obligation to update or revise any of them, whether as a result of new information, future events or otherwise, except as required by law.
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