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    FTRN   FR0011284991

FUTUREN

(FTRN)
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Futuren : FUTUREN commissions a wind farm and obtains authorizations to build another wind farm in France

06/05/2018 | 12:10pm EDT


FUTUREN announces the commissioning of a new wind farm located on the territory of the Courant and Nachamps municipalities, in the Charente-Maritime department, in France. The Courant-Nachamps wind farm comprises 7 wind turbines delivering a unit capacity of 3 MW, for a cumulative capacity of 21 MW.

Construction works started in March 2017 and the wind farm has been commissioned in May 2018. The Courant-Nachamps wind farm now generates green electricity, that will cover the yearly electricity needs of almost 24,000 households.

This commissioning brings to 408 MW the gross installed capacity operated by FUTUREN for its own account.

Furthermore, FUTUREN obtained a new building permit, free of any third-party claim, to install 7 wind turbines in the Hérault French department. The future wind farm, with an estimated capacity of 6.3 MW, will generate green electricity, that will cover the yearly electricity needs of almost 6,000 households.

This new authorization secures additional growth for the Group and brings to approximately 75 MW the capacity owned by FUTUREN which already received all necessary authorizations and are free of any third-party claim, including in addition:

  • the Faydunes and Demange wind projects, which are currently under construction respectively in the Aveyron and Meuse departments; as well as
  • the second tranche of Les Monts wind project, comprising 11 wind turbines in the Aube department


About FUTUREN

FUTUREN is a producer of wind energy, active over the entire wind value chain. The Group develops, builds and operates wind farms in four countries: Germany, France, Morocco and Italy. In total, the Group operates 641 MW for its own account and for third parties.

 

        CONTACT

Elodie Fiorini
Group Chief Financial Officer
Tél : +33 (0)4 42 906 596
e.fiorini@futuren-group.com

 


French Société anonyme (public limited company with Board of Directors) with a share capital of €27,777,658.70 

Registered office: Cœur Défense – 100, esplanade du Général de Gaulle – 92932 Paris La Défense - France

Administrative address: Europarc de Pichaury - Bât. B9 - 1330, avenue JRGG de la Lauzière - BP 80199 - 13795 Aix-en-Provence Cedex 3 - France

Tel: +33 (0)4 42 904 904 – Fax: +33 (0)4 42 904 905 - www.futuren-group.com

The stock is listed on the compartment B of Euronext Paris, symbol: FTRN.



Regulated information
News releases under ongoing reporting obligations:
- General Company News
Full and original press release in PDF:
https://www.actusnews.com/documents_communiques/ACTUS-0-53647-futuren-commissioning-courant-nachamps-authorization-herault.pdf
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© 2018 ActusNews
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Financials
Sales 2018 67,5 M 79,0 M 79,0 M
Net income 2018 -0,81 M -0,95 M -0,95 M
Net Debt 2018 151 M 177 M 177 M
P/E ratio 2018 -386x
Yield 2018 -
Capitalization 320 M 355 M 374 M
EV / Sales 2017 6,70x
EV / Sales 2018 6,89x
Nbr of Employees 105
Free-Float -
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Managers and Directors
Alexandre Morin Chief Executive Officer
Elodie Fiorini CFO, Secretary & Head-Communications
Nicolas Couderc Chairman
Lilia Jolibois Independent Director
Michel Sirat Independent Director