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Albioma : Albioma enters into exclusive negotiations regarding the acquisition of a geothermal power plant in Turkey

ALBIOMA
·1-min read

Press Release

Paris La Défense, 21 December, 2021

Albioma enters into exclusive negotiations regarding the acquisition of a geothermal power plant in Turkey

Albioma has entered into exclusive negotiations with Turcas Petrol A.Ş. with a view to acquiring a second Turkish geothermal power plant, located in Aydın Province.

This transaction will be completed in the coming months, subject to a number of conditions precedent, including prior issuance of the necessary licenses by the relevant regulatory and competition authorities.

The acquisition of this power plant, which has an installed capacity of 18 MWe, is entirely consistent with the Group's strategy to strengthen its position in the geothermal energy industry and roll out its expertise internationally.

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Next on the agenda: Full-year results for the 2021 financial year, on 2 March 2022 (before trading).

About Albioma

Contacts

Albioma is an independent renewable energy producer, supporting the energy transition with renewable energies (biomass, solar and geothermal).

The Group operates in Overseas France, Metropolitan France, Mauritius, Brazil and Turkey.

For 25 years it has been developing a unique partnership with the sugar industry, producing renewable energy from bagasse, a fibrous residue of sugar cane.

Albioma is also the leading producer of photovoltaic energy in Overseas France, where the Group builds and operates innovative facilities with integrated storage, and in Metropolitan France.

The Group recently announced the acquisition of a geothermal power plant in Turkey.

Investors
Julien Gauthier
+33 (0)1 47 76 67 00

Media
Charlotte Neuvy
+33 (0)1 47 76 66 65
presse@albioma.com

Albioma is listed on the Euronext Paris exchange (compartment B) - Eligible for SRD, PEA & PEA-PME and forms part of SBF 120 and CAC Mid 60.

The Group is also listed in the Gaïa Index of socially responsible midcap companies.

www.albioma.com

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