La Française de l'Énergie: 3 New Cogeneration Units Installed in Wallonia

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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.

Next announcement:
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.

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