Regulatory Filings • Dec 20, 2018
Regulatory Filings
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Paris La Défense, 20 December 2018
On 15 November 2018, the French energy regulator (Commission de Régulation de l'Énergie - CRE), announced that it had validated the terms of a draft rider to the electricity sales agreement between EDF and the Albioma Caraïbes power plant (Guadeloupe), now known as ALM 3, allowing the conversion of this 100% coal plant to biomass.
Following this deliberation, the ALM 3 plant signed the rider corresponding to its electricity sales agreement entered into with EDF on 18 December 2018.
Conversion work will begin in 2019 so that the plant can operate 100% on biomass before the end of 2020.
The work will reduce emissions by more than 265,000 tonnes of CO2 equivalent and will thereby increase the renewable portion of Guadeloupe's energy mix from 20% to 35%.
Next on the agenda: annual results for the 2018 financial year, on 8 March 2019 (before trading).
An independent renewable energy producer, Albioma is committed to the energy transition thanks to biomass and photovoltaics.
The Group, which is established in Overseas France, Mauritius and Brazil, has developed a unique partnership for 20 years with the sugar industry, to produce renewable energy from bagasse, a fibrous residue from sugar cane.
Albioma is also the leading generator of photovoltaic power overseas where it constructs and operates innovative projects with integrated storage capabilities.
Albioma shares are listed on NYSE EURONEXT PARIS (sub B) and eligible for the deferred settlement service (SRD) and PEA-PME plans (ISIN FR0000060402 – ticker: ABIO).
Investor Julien Gauthier +33 (0)1 47 76 67 00
Media Charlotte Neuvy +33 (0)1 47 76 66 65 [email protected]
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