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Global EcoPower lists on NYSE Alternext.
NYSE Euronext has today announced the listing on NYSE Alternext in Paris of Global EcoPower, a turnkey constructor of power plants using renewable energy sources.
Based in Aix-en-Provence, Global EcoPower is managed by two specialists in wind power and finance, CEO Jean-Marie Santander and EVP Philippe Perret, who have put together a seasoned staff of nine. Since 2009, the company has demonstrated its expertise and capabilities in wind and solar power, and is recognized today as a turnkey constructor by banks and investors in Europe.
In 2011, Global EcoPower designed and built an agro-solar power plant for a third-party investor in the Maine-et-Loire department and a ground-mounted PV farm in the Seine-Maritime department with installed capacity totalling 8.4 MW. Two other solar power projects are under development in the Ardèche and Aude departments. In January 2012, Global EcoPower initiated a move into wind power. For the same third-party investor, the company is currently building three wind farms in the Manche and Marne departments with an installed total capacity of 64 MW. Other wind power projects are currently being audited and negotiated.
Global EcoPower (ticker: ALGEP) was listed through admission to trading of the company’s 4,359,043 existing shares under the direct listing procedure. This admission took place subsequent to a transfer from the Free Market. Market capitalisation stood at around €19,3 million on the day of listing.
“We are delighted to be assisting Global EcoPower, a French company that builds green power plants, in this new phase of its history by transferring its shares from the Free Market to NYSE Alternext,” said Marc Lefèvre, Head of European Business Development and Client Coverage, Listings Europe, at NYSE Euronext. “Global EcoPower can now leverage the services and products offered by NYSE Alternext to spur growth and gain a higher profile among investors. Because NYSE Alternext is tailored to small and medium-sized enterprises, Global EcoPower will have access to a full range of financing tools that will help the company strengthen its strategic positioning in today’s increasingly fast-paced global renewable energy industry.”
Jean Marie Santander, the CEO of Global EcoPower, added that “After the four years we’ve spent shaping Global EcoPower into a constructor of power plants using first solar and then wind energy, we are proud to be listed on NYSE Alternext. By offering an alternative to fossil and nuclear energy, Global EcoPower will be linking its future growth to France’s energy transition strategy. In the recent past, the company’s managers have already demonstrated their expertise in this area. On a market as lively as NYSE Alternext, Global EcoPower will manage to obtain the financing it needs in order to retain for its own account a part of the plants it has built. Through long-term power purchase agreements covering fifteen to twenty years, we will be able to more effectively secure recurring revenues and profits in the future. A new phase in our history has just begun.”
In eight years, €2.8 billion has been raised on NYSE Alternext, half through secondary issues, by companies from countries including Belgium, Canada, China, France, Italy, Luxembourg, the Netherlands, Spain, the UK and the US. Their market capitalisation totals over €6 billion. Today 180 companies are listed on NYSE Alternext.
