Méthanor Invests €1.4 Million in New Solar Parks
Méthanor, a company specializing in financing and managing renewable energy and energy efficiency projects, has committed €1.4 million to the construction of the “Natal” and “Terres Neuves 1” solar parks. These projects, operated by CVE and located in Eure and southern France, are part of a larger financing initiative.
In a press release dated August 8, Méthanor, listed on the Euronext Growth market in Paris, announced its participation in the financing of these photovoltaic parks. CVE, which has been developing, financing, and constructing solar power plants since 2009, will oversee the operation of these new projects.
The total financing for these parks amounts to €27 million. Méthanor's contribution will be in the form of convertible bonds valued at €1.4 million. Additionally, Vatel Capital will provide a current account contribution of up to €1 million to support Méthanor in completing the transaction.
This investment is part of a broader financing effort totaling €229 million, which supports 107 photovoltaic assets managed by CVE, including primarily photovoltaic roofs, with a combined capacity of 208 MWp. CVE operates internationally in France, Spain, South Africa, Chile, and the United States, employing over 400 people and generating €91 million in revenue in 2023. The company aims to deploy 3.6 GW of renewable energy by 2028.United States, CVE has more than 400 employees and generated 91 million in revenue in 2023. With the objective of deploying 3.6 GW of renewable energy by 2028.
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