GLOBAL ECOPOWER (EPA:ALGEP) GLOBAL ECOPOWER RECEIVES GREEN BOND CERTIFICATION

Transparency directive : regulatory news

07/02/2020 17:54

PRESS RELEASE

               GLOBAL ECOPOWER RECEIVES GREEN BOND CERTIFICATION

Meyreuil (France), February 7, 2020 - Global EcoPower (FR0011289198 - ALGEP)
today announced that it has obtained a second opinion from Vigeo Eiris
expressing the highest level of assurance on Global EcoPower's commitments and
the contributions of the projects the company undertakes in terms of
sustainable development.

Backed by this certification, Global EcoPower plans to issue Euro PP green
bonds totalling around EUR15m with a 5-year maturity.

SECOND OPINION

Global EcoPower commissioned Vigeo Eiris to obtain a second opinion on the
extent to which sustainability factors and impacts are incorporated in the
design and management of the green bond it plans to issue in the near future.

The opinion provided by Vigeo Eiris was established in accordance with the
firm's performance and risk assessment in terms of environmental, social and
governance (ESG) criteria, and in voluntary compliance with the Green Bond
Principles drawn up in June 2018 (GBP 2018).

Vigeo Eiris considers that Global EcoPower's future bond issue complies with
the four principles of the GBP 2018 and is consistent with the Issuer's
strategic priorities and commitments in terms of sustainable development and
with its industry objectives.

PROPOSED EURO PP GREEN BOND ISSUE

Backed by green bond certification, Global EcoPower plans to issue a green bond
via private placement with professional investors only, pursuant to Article
L-411-2-1° of the French Monetary and Financial Code, for a total nominal
amount of around EUR15m, with a term of 5 years and repayable at maturity.

Net proceeds from the operation will predominantly serve to fund a new
renewable energy project, i.e. a biomass complex implementing the wood
gasification technique, in line with the Group's new Green Energy Business
activity.

The detailed characteristics of the bond issue and its exact timetable (if
implemented) will be provided at a later date.

About Global EcoPower:

GEP is a key player in the green industry, with two business lines:

  * Its historical business is the construction of renewable power plants
    using wind, photovoltaics and biomass as energy sources. GEP has a
    presence across the value chain, from construction to power plant
    operations. So far, it has built and commissioned more than 10 power
    plants, representing over 150MW in installed power capacity;

  * A new higher value-added business building and developing Green Energy
    Business complexes, including an eco-business consuming high amounts of
    energy.

  GEP is currently in the process of building France's first "algo-solar"
  complex in Payra-sur-L'Hers (southern France), combining green energy and
  spirulina production. This complex not only enables the production site to be
  fully self-sufficient in terms of its energy needs, but it can also produce a
  surplus of power, which will have a significant positive impact on operating
  profitability.

In 2018, GEP generated EUR24.6m in revenue, operating income of EUR4.8m and a
net profit of EUR2.7m.
GEP is listed on the Euronext growth stock exchange in Paris (ISIN code:
FR0011289198 - Ticker: ALGEP). The company is eligible for the SME personal
equity plan (PEA-PME).

Name: Global EcoPower
ISIN Code: FR0011289198
Ticker: ALGEP
Number of shares comprising the share capital: 8,549,550

Contacts :

GLOBAL ECOPOWER
Philippe Perret
Executive Vice President
contact@global-ecopower.com
04 42 24 50 16

ACTIFIN
Julien Mouret
Financial communications
jmouret@actifin.fr 01 56 88 11 14

ACTIFIN
Aminata Doucouré
Press relations
adoucoure@actifin.fr
01 56 88 11 23

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07/07/2020 19:17

GLOBAL ECOPOWER (EPA:ALGEP) GLOBAL ECOPOWER RECEIVES GREEN BOND CERTIFICATION

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