Arverne has announced the successful completion of its EUR€70mn issuance of ORANEs, representing a major milestone in the Group's financing strategy
Fully subscribed by GEOGREEN, Bpifrance, ADEME, Investissement, Credit Mutuel Equity and Eiffel Investment Group, the financing reflects investors’ confidence in Arverne’s growth trajectory, its position as an integrated geothermal player, and its ability to deploy low-carbon energy infrastructure at scale.
The funding will enable the Group to accelerate the execution of its Dual Flow strategic plan by helping to ramp up its industrial capabilities, the commercial expansion of its activities, and the deployment of infrastructure across the value chain. To support this strong growth momentum, the Group is pursuing additional financing options, including a capital increase.
Pierre Brossollet, Founder and Chief Executive Officer, said, “The success of this issuance confirms the strength of our growth trajectory and our ability to scale up. Backed by a portfolio of nearly 100 deep geothermal projects and the significant progress achieved by Lithium de France, we are accelerating our industrial commercial development to build the French leader in geothermal solutions, creating sustainable value through strategic assets and long-term contracts.”