GLOBAL ECOPOWER (EPA:ALGEP) GEP : Resumption of works at the algo-solar complex in the Hers valley

Transparency directive : regulatory news

11/06/2020 20:00

PRESS RELEASE

                     Meyreuil (France), 11 June 2020

     Resumption of works at the algo-solar complex in the Hers valley

Global EcoPower (FR0011289198 - ALGEP) is informing its shareholders and
investors that it has resumed works at its complex in Payra-sur-l'Hers, which
had been suspended on 16 March during implementation of the health crisis
measures. Global EcoPower had ensured delivery of the necessary materials
before lockdown, which means it can quickly resume activity while complying
fully with safety measures.

View from a Global EcoPower drone of the four terraced and bonded platforms
with a depth of 4.5 metres, following the archaeological works. The four
platforms represent a surface area of approximately 80,000 square metres.

Jean-Marie Santander, Chairman and Chief Executive Officer of Global EcoPower,
says: "The works had been disrupted by Covid-19. The French service providers
have been able to resume work rapidly in accordance with the health rules
applicable to major works of this kind. However, it has not been so
straight-forward for the foreign, notably Chinese and Italian, service
providers and suppliers to resume work due to more complicated administrative
formalities.

Global EcoPower's employees remained galvanised throughout the lockdown period,
working mainly from home and thus ensuring the continuity of activity. Without
them, the works would not have resumed so quickly. I would like to thank them
sincerely. We are now set to make a delivery before the end of the year of one
of the world's first cultures of high-quality spirulina and phycocyanin
extraction using renewable energies."

Success of the first crowdfunding campaign:

The crowdfunding campaign through subscription to convertible bonds issued by
Vignes 1, a wholly-owned subsidiary of the algo-solar complex in Hers, itself a
wholly-owned subsidiary of GEP, was completed last month with a total
subscription of EUR373,200 by 101 individual investors residing in Aude or
surrounding departments.

The initial target of EUR349,080 has therefore been largely surpassed.

This financing will allow Vignes 1 to benefit from a subsidised rate from the
CRE (French Energy Regulatory Commission) over 20 years for the resale of the
electricity from its photovoltaic greenhouses.

Following the success of this first campaign, GEP has initiated a second
campaign with its partner TUDIGO on Vignes 2 with the goal of raising
EUR370,000.

Building of the special foundations (CMC) with a depth sometimes reaching six
metres, then the foundation and insertion of the plates on which the greenhouse
poles are laid.

GEP will publish its consolidated and audited 2019 financial statements on 16
July 2020.

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 activity 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. A second operation in Anjou is currently in the process of
financing.

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).

The Green Energy Business in a few words...

As part of the ecological transition process, the Green Energy Business refers
to the combination of green energy production with environmentally-friendly
industrial activity, as part of the circular economy, so as to minimise
environmental impact. The Green Energy Business involves the construction of
positive green energy complexes which ensure a sustainable cost price of green
products by consuming the energy they produce.

GLOBAL ECOPOWER
Philippe Perret
Deputy Chief Executive Officer
contact@global-ecopower.com
+33 (0)4 42 24 50 16

ACTIFIN
Christophe de Lylle
Financial Communication
cdelylle@actifin.fr
+33 (0)1 56 88 11 11

ACTIFIN
Aminata Doucouré
Press Relations
adoucoure@actifin.fr
+33 (0)1 56 88 11 23

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GLOBAL ECOPOWER (EPA:ALGEP) GEP : Resumption of works at the algo-solar complex in the Hers valley

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