La Française de l’Énergie: Successful €2.5 million crowdfunding completed for the pre-construction of photovoltaic plant in Tritteling-Redlach, in Moselle

PONTPIERRE, France–(BUSINESS WIRE)–Regulatory News:

La Française de l’Énergie (Paris:LFDE)(Euronext: LFDE – ISIN: FR0013030152), leader in industrial ecology, and Lendosphere, the leading crowdfunding platform dedicated to sustainable development projects, announce the success and closing of the crowdfunding campaign for the construction of a photovoltaic plant. The target set at €2.5 million was achieved thanks to 889 investors and the contribution of La Nef bank for €850,000.

A good example of complementarity between bank financing and crowdfunding

The crowdfunding campaign dedicated to financing the construction of the photovoltaic plant located in Tritteling-Redlach, in the East of France, was successfully completed on the Lendosphere platform. In total, €2.5 million has been invested by 889 private lenders and La Nef, an ethical banking cooperative that offers credit solutions geared exclusively to projects of social, ecological and / or cultural means. This crowdfunding campaign covers part of the equity deployed by La Française de l’Energie.

“The success of this crowdfunding proves again the relevance for financial institutions and platforms to work together for the success of projects with impact. This also confirms that private and professional investors are more and more willing to give a sense to their investments: close to 900 people have participated to this campaign, comforting this success during this summer” explains Laure Verhaeghe, CEO of Lendosphere.

“For many years, La Nef bank has developed expertise in the financing of renewable energies, and we are committed to support all players in the sector. Working with Lendosphere has enabled us to support again La Française de l’Energie in financing its project. This mixed financing model, involving private investors alongside us, also helps to defend a model of people’s driven ecological transition in which we strongly believe”, specifies Jean-Christophe Cholot, Key Account Advisor and renewable energies expert at La Nef.

889 investors involved in the energy transition alongside La Française de l’Energie

“We warmly thank the 889 citizen-lenders and La NEF for their trust and support in this project. The fundraising largely exceeded the objective initially set, and its success confirms our desire to involve citizens and professionals in the development of energy solutions with strong environmental, economic and social impacts for the local communities,” welcomes Julien Moulin, President of La Française de l’Énergie.

The photovoltaic plant will be implemented on an old landfill in Tritteling-Redlach, in the Urban District of Faulquemont in Moselle. The site will produce 16 GWh per year over 30 years and will allow to cover the electric consumption of over 7,000 people or 30% of the population of the Urban District of Faulquemont.

This project is part of the Group’s strategy to reduce the carbon footprint in the Grand-Est and Hauts-de-France regions where La Francaise de L’Energie is very active, with the ambition to develop 100 MW of photovoltaic capacity in the short term.

The terms and conditions of this crowdfunding investment (interest rate, duration, etc.) remain available on: www.lendosphere.com/tritteling.

About La Française de l’Énergie

La Française de l’Energie is an SME with a negative carbon footprint, specializing setting up decentralized energy production sites. La Française de l’Energie supplies gas, 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

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.

Reuters code: LFDE.PA

Bloomberg code: LFDE.FP

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