(Boursier.com) — Enertime a French “CleanTech” company serving industrial energy efficiency and decentralized renewable energy production (geothermal and biomass), announces that it has extended until the end of 2023 the line of financing initially obtained from the YA II PN investment fund Ltd on December 11, 2020 for an available amount reduced to 2 ME.
The financing line of 10 ME initially set up, of which only 1 ME activated, will expire on December 11, 2022.
This line of 2 ME, accompanied by no BSA, is not intended to be used but allows Enertime to consolidate its capacity to finance the first projects carried by its subsidiary Energie Circulaire, whose financing is in the process of being finalized without drawing of this line.
This operation is carried out in accordance with the 15th resolution voted by the General Meeting of Shareholders held on June 24 and the decisions taken by the Board of Directors on December 8, 2022.
Gilles David, CEO of ENERTIME, said: “After more than two years of continuous efforts to develop our ORC projects in France through our subsidiary ENERGIE CIRCULAIRE, we are confident in our ability to quickly sign energy efficiency contracts. industry on a third-party-financed model with the implementation of non-dilutive financing necessary for their realization.
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