FUTUREN : FUTUREN enters into a financing agreement and starts construction of a new 13 MW project in France

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FUTUREN, an independent producer of wind power, is actively pursuing the implementation of its project portfolio. After having ordered turbines last November and secured a non-recourse long term bank loan mid-February, FUTUREN now launches the construction works for Les Monts project.

Located on the territory of the towns of Sainte-Maure and Saint-Benoît-sur-Seine, in the Aube French department, the wind farm will comprise 4 wind turbines with a unit capacity of 3.3 MW, for a total installed capacity of 13.2 MW.

In 2016, FUTUREN will thus build two new wind farms: the 18 MW Chemin Perré wind farm, under construction since September 2015, and now Les Monts wind farm. The commissioning of these two wind farms is respectively planned in the course of the second half of 2016 and by the end of 2016.

These two wind farms will generate green electricity that will cover the yearly domestic electricity needs of more than 26,000 households.

Commenting on this news, Fady Khallouf, Chief Executive Officer of FUTUREN, said:

“FUTUREN pursues a significant organic growth. The completion of two new wind farms in 2016 will add 31 MW to our installed capacity for own account which today stands at 342 MW.

The commissioning of these two wind farms, implemented at constant structure cost, will directly increase our profitability.”
 

About FUTUREN
FUTUREN is an independent producer of wind energy, active over the entire wind value chain. The Group develops, builds and operates wind farms in four countries: Germany, France, Morocco and Italy. In total, the Group operates 732 MW for its own account and for third parties.

CONTACT

Elodie Fiorini
Communications & Investor Relations
Tel: +33 (0)4 42 906 596
e.fiorini@futuren-group.com

French Société anonyme (public limited company with Board of Directors) with a share capital of €18,605,410.60
Registered office: 6 rue Christophe Colomb - 75008 Paris - France
Administrative address: 75 rue Denis Papin - BP 80199 - 13795 Aix-en-Provence Cedex 3 - France
Tel: +33 (0)4 42 904 904 – Fax: +33 (0)4 42 904 905 - www.futuren-group.com
The stock is listed on the compartment C of NYSE Euronext Paris, symbol: FTRN.


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Full and original press release in PDF:
http://www.actusnews.com/documents_communiques/ACTUS-0-43292-PR-Financing-construction-Les-Monts.pdf

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