PONTPIERRE, France, January 21, 2022--(BUSINESS WIRE)--Regulatory News:
La Française de l'Énergie (Euronext: LFDE - ISIN: FR0013030152), a carbon negative energy producer, announces the commissioning of 3 additional cogeneration units at its Anderlues site, in Wallonia, which installed capacity increases from 3.0 to 7.5 MW, a per its planned field development.
This very significant increase in production capacity in Belgium occurs in a particularly favorable electricity price environment with average sales prices expected at more than € 200 per MWh in the first quarter.
A major contribution to the reduction of greenhouse gas emissions
Thanks to the 5 cogeneration units now installed, the capture of coal mine gas on the Anderlues site will allow the group to avoid an annual emission of over 500 000 tonnes of CO2eq and will foster the positioning of La Française de l’Energie as one of the main players in the energy transition of the Walloon region.
La Française de l'Energie confirms its objective of achieving annualized revenue of € 35 million and an EBITDA margin of over 45% by the end of 2022.
S1 2021-2022 Sales – January 25th 2022
Reuters code: LFDE.PA
Bloomberg code: LFDE.FP
About La Française de l’Énergie
La Française de l'Energie is a carbon negative energy producer, specializing setting up decentralized energy production sites. La Française de l'Energie supplies gas, green electricity and heat to regional players, thus replacing imported energy with local, cleaner energy. La Française de l'Énergie has strong development potential and aims to become a benchmark independent player in the energy sector in Europe. The company benefits from the innovative company label awarded 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.
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