|With the commissioning of two new wind farms in late 2016 and early 2017, FUTUREN recorded a consolidated revenue up by + 9% in 2017 (2018/03/27 07:00 AM)|
The Sales of electricity activity relies on long term electricity buyback contracts (15 to 20 years depending on the country) with guaranteed tariffs. This secure activity accounted for 92% of the consolidated revenue in 2017.
To strengthen this activity, FUTUREN is pursuing the development of its project portfolio in France.
The Group recently concluded a turbine supply agreement to purchase 6 wind turbines for the construction of the Faydunes project, located on the territory of the town of Saint-Affrique, in the Aveyron department. In addition, FUTUREN is pursuing the construction of the Courant-Nachamps wind farm in the Charente-Maritime department and the Demange wind farm in the Meuse department.
These three wind farms under construction represent a cumulative capacity of 54 MW, that will be commissioned in 2018 and 2019.
The Development and Management of wind farms activity registered a revenue of 4.8 million euros in 2017, down compared to 2016, when the Group recorded a non-recurring revenue linked to third-party development services.
FUTUREN is a producer of wind energy, active over the entire wind value chain. The Group develops, builds and operates wind farms in four countries: Germany, France, Morocco and Italy. In total, the Group operates 620 MW for its own account and for third parties.
Registered office: Cœur Défense - 100, esplanade du Général de Gaulle - 92932 Paris La Défense - France
Administrative address: Europarc de Pichaury - Bât. B9 - 1330, avenue JRGG de la Lauzière - BP 80199 - 13795 Aix-en-Provence Cedex 3 - France
Tel: +33 (0)4 42 904 904 – Fax: +33 (0)4 42 904 905 - www.futuren-group.com
The stock is listed on the compartment B of Euronext Paris, symbol: FTRN.