(AOF) – Vergnet presented to investors, during its webinar on March 14, its latest developments, its new governance and its prospects for the year 2024. As part of its reorganization, Vergnet has strengthened its governance as well as its management in order to support the transformation of the Group. A €2 million bond loan was issued by Vergnet Pacific and subscribed by Delta Alternative Management marking a significant diversification in financing options to support its future developments.
Additionally, another non-dilutive financing is currently under discussion.
Additionally, in collaboration with Atlas Capital Markets, Vergnet has arranged convertible bond financing of up to €7.2 million, providing enhanced financial flexibility to seize market opportunities.
Furthermore, its expansion strategy in Asia/Oceania includes the development of solar relamping and public lighting activities, with innovative projects in New Caledonia and Wallis and Futuna. Vergnet also demonstrates its expertise in photovoltaics with the renewal of the Prony 3 wind farm and the production of photovoltaic solar hot water in Dumbéa, aiming to modernize 80 homes and reduce the carbon footprint.
The group will also continue its restructuring and implement measures to reduce structural costs, optimize production processes, and review its order book. Efforts are underway to increase activity in Asia/Oceania, expand industrial and financial partnerships, and recruit a dedicated team for photovoltaics in France and Southern Europe. Vergnet reaffirms its commitment to Africa with the restructuring of teams and the exploration of new projects.
These announcements underline Vergnet’s commitment to pursuing a responsible energy transition and its ambition to strengthen its leading position in the renewable energy sector.
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