FORBACH, France--(BUSINESS WIRE)--Regulatory News:
La Française de l'Énergie (Euronext: LFDE - ISIN: FR0013030152) (Paris:LFDE) leader in industrial ecology, strengthens its positioning in green energies with the launch in Creutzwald of the largest solar power plant in France injecting the heat produced into a district network, in partnership with ÉNES, a municipal utility established for nearly a century in the region.
With their important footprint in Moselle, la Française de l'Energie and ÉNES Creutzwald have teamed up to develop this major project and support the ecological transition of the Grand Est Region. This thermal solar plant, based on a proven technology already deployed in the Nordic countries, is located only 150 m away from the ENES Creutzwald district heating network. It will supply in short circuits to residential sectors, industries, SMEs, numerous public infrastructures, and will multiply by six the percentage of renewable energy provided of the local network.
This first solar thermal power plant to be built by Savosolar Oyj, will be operational and operated by LFDE by the end of summer 2020. It will produce 2,610 MWh annually, or the equivalent of the heating needs of 190 households. It will also cover 100% of the needs of the heating network in the summer period.
True to its strategy of reducing the carbon footprint of the territories in which it operates, La Française de l'Energie will save 560 tons of CO2eq of greenhouse gas emissions per year with this project.
Within the scope of the Appel à Projet National organised by the ADEME (Agence de l’Environnement et de la Maîtrise de l’Energie), the relevance of this development has been recognized with a subsidy of €1.3 million, based on a global investment of € 2.4 million.
Through this long-term partnership, La Française de l'Énergie consolidates its implantation in the Grand-Est region while expanding its portfolio in green energies thus confirming its status as an actor at the heart of the ecological transition.
March 25, 2020 - Half Year Results
Reuters code: LFDE.PA
Bloomberg code: LFDE.FP
About La Française de l’Énergie
La Française de l'Energie is a Lorraine SME, leader in industrial ecology, specializing in producing the gas present directly in the coal and in the former coal mines of France and Belgium. Thanks to its recognised know-how in geology and engineering combined to its local positioning, La Française de l'Energie supplies gas, green electricity and heat to regional players, replacing imported energy by energy local and cleaner energy. La Française de l'Energie is on a significant growth path and aims to become a major player in the energy sector in Europe. The company is labelled as a young innovative company by Bpifrance.
More information available on www.francaisedelenergie.fr
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.