Regulatory News:

La Française de l'Énergie (Paris:LFDE) (Euronext: LFDE - ISIN: FR0013030152), leader in industrial ecology, has won a 15MW solar project in France in the latest solar tender from the country’s Energy Regulatory Commission (CRE).

A first major solar project in the Moselle region

This solar power plant will be built in the Grand Est region, in the Urban District of Faulquemont (DUF) on a former landfill in the city of Tritteling -Redlach. This 15 MW site will produce 16 GWh of power per year and supply the equivalent of the electricity consumption of more than 7000 people, around 30% of the population of the DUF. Construction of the plant will begin in 2021.

An ecologically and economically competitive power plant

The award of this project confirms the expertise of La Française de l'Energie in renewable energy’s production. This success is all the more satisfactory as it was carried out within the framework of a very competitive call for tenders marked by an average price of the projects selected of € 57.4 / MWh, down 7.4% compared to the previous tender. This demonstrates the Group's ability and agility to develop economically and environmentally competitive projects.

This success also marks a key step for the Group in the deployment of its solar strategy, since this 15 MW solar plant is the largest of the six projects selected for the Grand Est region in this tender.

Antoine Forcinal, CEO of La Française de l'Énergie declares: "We are very happy to win this first solar project and thus contribute to the energy transition of Moselle and Grand Est. This success, which comes a few weeks after the start of production of the largest solar thermal power plant in France, confirms our ambitions and capabilities. I would like to thank the commitment of the entire team which contributes to the success of our deployment in this new solar sector. "

With this new success in solar, La Française de l'Énergie continues to strengthen its unique position as a key player in the ongoing ecological transition by setting up new energy production sites in the former mining basins of France and Wallonia.

Next announcement:
December 3rd, 2020 – Shareholders’ meeting

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

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.