Business Wire

Launch of La Française de l’Énergie’s Gas to Power Activity in Northern France

7.11.2016 11:43 | Business Wire

Del

La Française de l’Énergie (LFDE) is pleased to announce the launch of its gas to power activity following the French government’s gazetting on the 4th of November 2016 of the feed-in tariff for green electricity produced from coal mine methane (CMM).

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20161106005085/en/

This decision is a clear recognition of the significant contribution by La Française de l’Energie towards reducing the carbon footprint in Northern France by generating clean, green electricity locally while preventing the release of gas present in former coal mines into the atmosphere.

The gas to power activities will be undertaken by LFDE’s subsidiary, Gazonor SAS, which currently holds 225 BCF of 2P reserves of gas alone.

Gazonor is expected to generate 85 GWh and over €6m annual revenues through the installation of gas engines with an installed gross capacity of 9 MW across four sites in Northern France for a total investment of €8.9 million, including infrastructure and site preparation. The objective is to have all four sites in full electricity production by 30 June 2017 and thereafter add additional sites for electricity sales.

The financing will be arranged through infrastructure-type financing in line with our IPO plan.

The feed-in tariff details

On the 4th of November the French government released the final details of the 15 year feed-in tariff granted for electricity produced from coal mine methane, the gas captured in former coal mines. This activity helps in reducing the carbon footprint of Northern France by preventing the release of this gas into the atmosphere and hence qualifies as green energy.

The key characteristics of this feed-in tariff are:

  • €76.60 per MWh of electricity for small gas engine (1.5 MW) regressing linear to €57.60 per MWh for larger units (4.5MW and more)
  • 15 years guaranteed
  • Indexation to inflation

100% of the revenues will be derived from French feed-in tariffs without exposure to power price market fluctuations for the next 15 years, allowing for maximum earnings visibility on this activity.

The gas to power development plan

LFDE, via its fully-owned subsidiary Gazonor SAS, has signed a LOI with 2G Energy AG, one of the largest manufacturers and distributors of decentralized power units in Europe, to install a total capacity of 9MW by June 2017 on four sites in Northern France.

This will allow LFDE to implement its announced new development of capturing coal mine methane present in the former mining galleries and converting it into clean electricity to be used locally.

Julien Moulin, chairman of LFFDE, said: "We are very pleased with the launch of our gas to power activity. This allows LFDE to develop its French power production capabilities and further diversifies the Company's portfolio.

This activity adds attractive, growing and highly predictable revenue streams to LFDE through the French feed-in tariff mechanism at a time where LFDE accelerates its investments to become a leading energy producer in Western Europe”

Ludger Holtkmap, COO of 2P commented: “2G Energy AG is very proud to have been selected by LFDE in this tender. 2G Energy is delighted to provide Jenbacher (General Electric) gas engines as well as its recognised maintenance and technical support services to LFDE for this initial phase of the development of its gas to power capabilities for coal mine methane in Northern France”

Reuters code: LFDE.PA

Bloomberg code: LFDE.FP

About La Française de l’Énergie

Awarded the young innovative status by Bpifrance since June 2013, La Française de l’Énergie is a dynamic SME headquartered in East of France and the first gas producer in France. Specialised in the coal bed methane and coal mine methane production, La Française de l’Énergie produces a local high quality energy from the significant gas resources contained in the former mining basins of North-Eastern France.

With the development of this local and strategic energy, La Française de l’Énergie builds an economically and ecologically competitive project with significant value added for the local communities.

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.

Contact information

Press Relations
contact@francaisedelenergie.fr
+ 33 3 87 04 34 51
or
Investor Relations
ir@francaisedelenergie.fr
+33 3 87 04 32 11

Om Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Følg saker fra Business Wire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Business Wire

The Valence Group Issues Fairness Opinion to SK Capital in Connection with Archroma18.8.2017 13:30Pressemelding

The Valence Group has provided a fairness opinion to SK Capital Partners, LP in connection with its recapitalization of Archroma, including investments made by various affiliates of SK Capital. Terms of the transaction were not disclosed. About SK Capital SK Capital is a private investment firm focused on the specialty materials, chemicals and pharmaceutical sectors. The firm builds strong and growing businesses that generate substantial long-term value for its investors. SK Capital utilizes its industry, operating and investment experience to identify opportunities to transform businesses into higher performing companies with improved strategic positioning, growth, profitability and risk profiles. The firm currently has approximately $1.9 billion of assets under management and its portfolio companies generate revenues of over $5.0 billion annually and employ approximat

Biker Summer 2017 campaign: What’s happening during Biker Summer 2017? Moto-tyres.co.uk is giving away exciting prizes!18.8.2017 09:22Pressemelding

Whether it’s a short weekend break or a long-distance tour – once again this year Moto-tyres.co.uk is asking bikers from 10 countries about their dream destinations and longest journeys as part of its “Biker Summer 2017” campaign. To ensure than nothing gets in the way of your next tour, the two-wheeler tyre store from Delticom, Europe’s leading online tyre dealer, is entering anyone who completes the survey before 30 September 2017 into a prize draw to win some great biking accessories. Simply answer three short questions about your plans for bike tours this year (don’t forget to provide your name and email address), and with a bit of luck, you might win one of these great prizes. Up for grabs are a GARMIN motorbike GPS system, a GoPro camera with helmet bracket and five 200-Pound vouchers for new motorbike tyres from the online store – thanks to the product range at Moto-tyres.co.uk, eve

Lenovo Continues to Gain Momentum in First Quarter FY 2017/1818.8.2017 00:04Pressemelding

Behind the strength of its 3-wave strategy, Lenovo’s business transformation continued to gain traction during the first quarter, delivering solid profitability in its core PC and smart devices business, and revenue and profit improvements in targeted growth areas, including the data center and mobile businesses. Fueled by new investments in people and products, Lenovo’s Data Center Group (DCG) introduced the most comprehensive product lineup in its history, with the new ThinkSystem and ThinkAgile portfolio, and continued to build out its end-to-end sales organization. Similarly, Lenovo’s Mobile Business Group launched significant new products led by the Moto Z2 Force, available now on all major U.S. carriers, and ramped up its branding efforts worldwide. “In the first quarter this fiscal year, we had stable performance as we executed our 3-wave strategy with commitment. We

Spirent Tests Wi-Fi Network Performance with O2 at the Coca-Cola London Eye17.8.2017 15:57Pressemelding

Spirent Communications plc (LSE:SPT), today announced its Landslide E10 network test platform has been used with O2 to validate the Wi-Fi network performance and capacity at the Coca-Cola London Eye, before the launch of a new smartphone application last month. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170817005758/en/ Spirent Landslide E10 helped O2 validate Wi-Fi performance and capacity at the Coca-Cola London Eye, before the launch of a new smartphone application last month. (Photo: Busines Wire) Merlin Entertainments plc, operator of the London Eye, wanted to measure its Wi-Fi network performance, to ensure its infrastructure could provide an excellent experience for users of the new app, which puts increased demands on the Wi-Fi network. “The London Eye is a global attractio

Watch BizWireTV: A Camera You Can Wear and Krispy Kreme’s Famous Donuts Get Eclipsed with Chocolate17.8.2017 12:08Pressemelding

On BizWireTV, catch some Quick Biz Hits and see the latest in Star Power. Also see what’s happening in the startup world with the Accelerator Report, featuring the VC Watch and this week’s Startup Standout. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170817005305/en/ BizWireTV is hosted by Jordyn Rolling (Photo: Business Wire Now you can watch BizWireTV, and the latest breakthroughs in tech from the biggest brands, on any screen you want by downloading the new app through the Apple TV and iPhone App Store and Google Play for Android devices. Top of the Wire Introducing FrontRow: the camera re-invented. Watch BizWireTV to see more disruptors as well as the top 5 trending stories of the week! A core c

PsiOxus Therapeutics Announce Two New Board Appointments: New Board Appointments Strengthen Company’s US Presence17.8.2017 07:00Pressemelding

PsiOxus Therapeutics, Ltd. (PsiOxus) today announced the appointment of Charles Rowland and Duncan Higgons to the Board of Directors as part of an ongoing drive to expand in the US. Charles Rowland was most recently the President and Chief Executive Officer (CEO) of Aurinia Pharmaceuticals, a clinical stage pharmaceutical company focused on the global lupus nephritis market. Prior to this, he served as the Vice President and Chief Financial Officer (CFO) of ViroPharma, during which time the company grew into a global biopharmaceutical business with $500 million in annual revenues until it was acquired by Shire plc for $4.2 billion. Before joining ViroPharma, Mr. Rowland was executive Vice President, CFO, and interim co-CEO, for Endo Pharmaceuticals. In his earlier career, Charles held finance and operational positions at Biovail Pharmaceuticals, Breakaway Technologies, Pharmacia

I vårt presserom finner du alle våre siste saker, kontaktpersoner, bilder, dokumenter og annen relevant informasjon om oss.

Besøk vårt presserom