Méthanor finance 1 million euros in the construction of new photovoltaic plants Ph…

Paris, may 23, 2017 – Méthanor (Alternext FR0011217710 – ALMET), a company specializing in the financing and operation of renewable energy projects, announces an investment to the tune of€ 1 Million in new photovoltaic plants of Photosol.

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The origin of the project

Independent producer of renewable energy, Photosol is specialized in the creation of photovoltaic installations on ground or roof and offers a turnkey services covering the obtaining of the administrative authorisations, the financing, construction and operation of nuclear power plants. The company already owns a photovoltaic park of 143 MW in operation or on completion of project.

In the heart of the renewable energy

After winning new photovoltaic projects during the last call offering CRE, the independent administrative authority in charge of ensuring the proper functioning of the markets for electricity and gas in France, Photosol initiates the construction and operation of new electricity generation facilities of a power between 100 kwp and 8 MWc. This investment of Méthanor is inscribed in the continuity of the history of the relationship developed with Photosol.

Future projects in the course of in-depth study

At the end of this new operation, Méthanor still has more than 1 M€ of cash to finance new renewable energy projects. In particular, two cases are studied in the anaerobic digestion of agricultural and photovoltaic.

About Méthanor

Listed on the Alternext market, and always profitable since its creation, Méthanor was intended to finance and operate renewable energy projects, focusing primarily to its investment in the anaerobic digestion of agricultural, biomass, photovoltaic and hydropower. The anaerobic digestion of agricultural brings an industrial solution to environmental requirements in turning by the fermentation of the organic matter into biogas. The biogas is then injected into the gas network or used to generate electricity by combustion and to produce heat.

The electricity or the gas products are sold to EDF or GDF in the framework of the objectives of the Grenelle environment forum and benefit from feed-in tariffs guaranteed for 20 years. These contracts redemptions guaranteed by EDF or GDF can offer Méthanor a yield secure to its shareholders on 20 years.

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