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New concession in Wallonia following the purchase of Greenhill SA

23 February 2021

Pontpierre, France, February 17, 2021 – La Française de l’Énergie (Euronext: LFDE – ISIN: FR0013030152), producer of energy with a negative carbon footprint, announces the acquisition of Greenhill SA, a subsidiary of the Brederode SA, holder of the Monceau-Fontaine, Marcinelle and North Charleroi Concession (No. 038), for a gross acquisition price of € 203,000 and a net consideration of € 95,000 taking into account the cash available at Greenhill SA.

A concession with high potential

The Concession of Monceau-Fontaine, Marcinelle and North of Charleroi covers 74 km². This concession contains large volumes of gas present in the former mining galleries, which were the subject of several positive production tests in 2018.

Pressures of more than 2 bars as well as CH4 contents greater than 90% were measured during these tests on two sites.

6 mine shafts more than 1000 meters deep, connected to the old mining works, are already in place and will be quickly tested over a longer period to validate the development plan to recover the fatal gas from these wells.

LFDE will capture this gas and avoid the release of a large volume of methane into the atmosphere and use this energy locally in the form of gas, electricity and heat.

This development model, already successfully established in Anderlues and the Hauts-de-France, is a competitive ecologically and economically solution.

Julien Moulin, President of La Française de l’Energie, said: “The acquisition of Greenhill is a strategic step for our group to be a key player in the ecological transition of the Walloon mining basin. This transaction strengthens our positioning in Belgium, in particular near Charleroi, and should enable us to deploy new cogeneration units on this concession over the next 18 months and contribute to the efforts to reduce the carbon footprint that the Walloon Government is promoting”.

La Française de l’Energie continues to progress its growth plan with the objective to achieve an annualized turnover target of € 35 million for an EBITDA margin of over 45% by the end of 2022.

Next announcement:

March 23, 2021 – Half-year results 2020/2021

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Promises won't impact
climate change.
Your local resources, will.

Climate change is an undeniable reality. We can already see its serious consequences for our planet. It is now urgent to act.

At FDE, we refuse to participate in initiatives that generate pollution beyond our borders, even if they reduce the carbon footprint of our local territories. Whether it is a question of carbon footprint or pollution, there are no limits.

It is our duty to build sustainable energy solutions that move towards global carbon neutrality. Today, the most resilient and sustainable energy solution is even more self-evident: it is imperative that energy remains local, within short supply chains, as close as possible to the needs of local communities and consumers.

Considering these, at FDE, we are taking actions and offering tailor-made, local multi-energy solutions.

By making the most of local resources, our offer enables us to provide territories with energies with a triple benefit: reduced carbon footprint, economically competitive and contributing to the socio-economic development of the area. We choose abandoned sites, make the most of the potential of local suppliers and service providers, and participate in a local center of expertise that involves universities, local authorities and associations in the local energy project.

FDE lacks neither the resources nor the know-how to deploy tailor-made energy solutions for everyone and for the planet.

Our engineers embrace the energy transition with a pragmatic view.

Recovering abandoned mine gas avoids fatal gas emissions into the atmosphere, while local coal gas reduces the need to import much more carbon-intensive gases. Abundant solar energy is both local and renewable.

To support the energy transition, at FDE, we are constantly innovating, looking for new solutions for the future, such as hydrogen, a decarbonized energy, or CO2 sequestration in coal.

In addition, all energy produced by our Group is designed to be more virtuous. All these processes therefore make FDE the only French energy producer with a negative carbon footprint.

HSE POLICY

In accordance with its values and code of ethics, and with the aim of pursuing the objective of:

  • Guarantee the integrity of our assets,
  • Ensure a safe and healthy working environment for its employees and subcontractors,
  • Guarantee the health and safety of all personnel working on and off-site,
  • Limit environmental impact.

 

FDE wishes to promote the following HSE principles:

Identify, prevent and control impacts and risks to health, safety, security and the environment,

Develop the company's activities in a sustainable and eco-responsible manner,

Improve the working environment for its employees and subcontractors.

Consequently, FDE undertakes to:

Ensure the rigorous application of regulatory procedures in force with respect to safety, health, environment and the preservation of public security,

Impose operational management with advanced criteria for environmental protection, pollution prevention and energy optimization, as part of the ecological transition,

Systematically verify compliance with HSE principles through audits and practical exercises, with the aim of continuously improving the system and its performance,

Define indices and performance indicators for monitoring HSE activities and promote benchmarking to identify areas for improvement,

Encourage employee participation and involvement in health, safety and environmental protection processes through training and creation of tools for sharing experience and knowledge.

This culture of risk prevention and control applies to all employees, partners and suppliers. It involves setting concrete objectives and deploying action plans as part of a continuous improvement process to better anticipate tomorrow's challenges. This policy is reviewed annually, as are the associated indicators and targets.

Antoine FORCINAL
Directeur Général,