Vergnet receives a financing tranche of €1.7 million
from Negma
Elms, January 11, 2023
The financial restructuring initiated last August as part of the 3R plan and the collaboration with Negma continues.
Thereby,
on January 11, Negma disbursed financing tranche no. 4 in the amount of €1.7 million vs. €1.5 million initially planned, which brings the total amount of drawdowns to €5.7 million. This fourth tranche gave rise to the issue of 680 OCAs and 165,329 BSAs.
The main characteristics of the financing, as well as the drawdown monitoring table, appear on the issuer’s website.
This financing will make it possible to support 3 essential projects in the revitalization and reconquest provided for by the 3R Plan.
To do this, Vergnet intends to offer a high-performance and competitive offer on a buoyant market supported by the public authorities. The details of the strategy adopted and the means necessary for the development of these fast-margin-creating activities will be announced shortly.
For the record, this project is one of the biggest hybrid projects in Africa and one of the most important contracts for Vergnet. Won in summer 2020, it includes an EPC contract consisting of 18.9 MWp of photovoltaic energy, 3 diesel generators of 2.6 MW and 11.5 MWh of storage, associated with a 2-year maintenance period.
An important step will be taken in the coming days, with the shipment of diesel generators worth €3.2 million.
Other shipments are scheduled to arrive on site on the 1
er
quarter 2023.
In Brazil, finally in the business start-up phase, Vergnet took over 2 projects for the installation of photovoltaic power plants in Itapui and Guanambi. This takeover allows the Group to control the progress of the works and an increase in the associated turnover, bringing it from €260k to €850k.
For Cyril Ledran, CEO of Vergnet SA, “
in accordance with what we have programmed in our strategic plan, this tranche of financing enables us to achieve part of our objectives in terms of the execution of several of our current projects and commercial development in new markets. We are staying on course and respecting our roadmap. Great prospects are opening up to us.
“.
To be continued then…
About Vergnet SA
The Vergnet Group, “a virtuous creator of energy independence since 1989”, has never ceased since its inception to enable its customers to control their energy production, despite difficult or even extreme geographical and climatic conditions.
An expert in the production of renewable energies (wind, solar, hybrid) on non-interconnected networks and armed with unique technologies, the Group has developed the Hybrid Wizard, a hybrid system controlling in real time the share of renewable energies injected into the electrical network by guaranteeing operational safety and security for island or isolated networks.
The Group has already installed 1,000 wind turbines and 553 MW of all energies combined. It is present in more than 50 countries and has 200 employees in 11 locations.
Vergnet has been listed on Euronext Growth since June 12, 2007.
CONTACT
Vergnet Group
Cyril Ledran
General manager
This post has the “? Actusnews SECURITY MASTER” service.
– SECURITY MASTER Key:
m2pqYpSXaWrKnp5raJeZa5VnmJiTlWbHZ2THxmKck8uWm2pgyplhnJueZnBplWVv
– To check this key:
https://www.security-master-key.com.
Regulated information:
Inside information:
– Other press releases
Full and original press release in PDF format:
https://www.actusnews.com/news/78009-cp-23.01.11-reception-tranche-n4-du- financement-negma.pdf
© Copyright Actusnews Wire
Receive the company’s next press releases free of charge by email by subscribing to www.actusnews.com