ALBIOMA : Albioma Solaire France agrees a €61 million funding deal to refinance the assets of Eneco and accelerate the rollout
Paris La Défense, 21 March 2019
Albioma Solaire France agrees a €61 million funding deal to refinance the assets of Eneco and accelerate the rollout
Albioma Solaire France - the subsidiary that owns and operates the photovoltaic power plants acquired from Eneco in December 2018 - has contracted a long-term loan for €61 million.
This non-recourse project loan refinances the existing assets and includes an amount for funding the construction of a portfolio of small- and medium-power photovoltaic power plants. This funding secures the growth of the Group's solar power business in metropolitan France on very attractive terms.
The lenders are Natixis Energeco and Unifergie.
As part of our commitment to the energy transition, Albioma announced the acquisition of Eneco France in December 2018, to strengthen the Group's market position and expand our solar power business in metropolitan France, supplementing our existing installed capacity of 8 MW.
Next on the agenda: revenue figures for the first quarter of the 2019 financial year, on 24 April 2019 (before trading).
| An independent renewable energy producer, Albioma is committed to the energy transition thanks to biomass and photovoltaics. |
The Group, which is established in Overseas France, Mauritius and Brazil, has developed a unique partnership for 25 years with the sugar industry, to produce renewable energy from bagasse, a fibrous residue from sugar cane.
Albioma is also the leading generator of photovoltaic power overseas where it constructs and operates innovative projects with integrated storage capabilities.
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|Albioma shares are listed on NYSE EURONEXT PARIS (sub B) and eligible for the deferred settlement service (SRD) and PEA-PME plans (ISIN FR0000060402 - ticker: ABIO).|| www.albioma.com |