Monday 24 May 2021

Acofi Gestion finances the ZE Energy Group's hybrid projects via its Predirec EnR 2 fund

What?! What's this all about? 'Ha!' What's funny, Voice? 'Nothing.' Be quiet then.

So, yeah, yeah ... it's a PR email.

In April 2021, Acofi Gestion closed €4 million in bridge loan and junior debt financing with ZE Energy Group via its Predirec EnR 2 loan fund. This is the first transaction for this fund in the innovative technology of hybrid solar power plants, combining photovoltaics and storage to address the challenges of intermittency and grid stability associated with renewable energy.

Okay, okay. It's all green stuff, which is okay, I suppose ... uh uh not that it will make any difference to anything because the world is doomed the way all worlds are doomed because everything material is doomed only the spirit survives the great big spirit of the cosmos who just happens to be a personal friend of mine my mind yes yes I'm well-connected always have been BUT(!) I seem to be getting closer and deeper and higher oh where is my consciousness ness ness going? ha ha ha to the toppermost of the poppermost obviously

'Er ... Lucky?' No, me. It's me!

However, although ... I did watch The Day of the Jackal last night and the OAS guy who gets kidnapped by the Action Service was played by the guy who was the first ever guy to play Lucky, yes, Jean Martin

I just thought I would mention it.

The Greenfin-labelled Predirec EnR 2 fund has a dual objective. On the one hand, it supports the full range of industrial contributors to the Energy Transition by providing them with flexible financing solutions and, on the other hand, the fund offers institutional investors a low-carbon investment strategy that allows them to participate in the fight against global warming.

Oh, okay. They just thought they would mention it. On my blog, like. No harm done. Good luck to them!

This operation marks the beginning of a partnership with ZE Energy, an independent producer of renewable electricity that develops and operates hybrid photovoltaic power plants. Equipped with a battery to store the solar energy produced during the day, these new-generation solar power plants present every advantage in terms of production costs, integration with the environment and the grid, and the production of zero CO2 emissions.

Fine. 'They keep mentioning!'

The financing of ZE Energy demonstrates the ability of the Predirec EnR 2 fund to flexibly meet the diverse needs of new and dynamic developers. The bonds issued include a short-term financing component that allows the construction of hybrid power plants to move forward and strategic supplies to be secured ahead of bank closing. Thanks to the long-term junior debt component, ZE Energy will be able to optimise the allocation of its equity resources in order to focus on growth in France and internationally.

'Will they ever stop?' I can stop them, BUT(!) ...

Does Matthieu have anything to say? Or is that too much to hope for? 'You've been dreaming of it all night, boss.' Ha! No, Voice. But I knew this day would come. I remember last week looking at this email and wondering, wondering ... Will Matthieu speak to us?

'Speak, Matthieu! Speak!'

Matthieu Lassagne, President of ZE Energy: "Acofi Gestion's support shows a commitment to supporting innovations that will meet the environmental challenges of today and tomorrow. Our smart power plants, several of which are currently under development, will help accelerate the development of photovoltaic energy, which is the most promising source of renewable energy."

Oh, surprise, surprise! He speaks! 'What about Philippe?' Ha, ha, ha! That would be too much to hope for, my little invisible idiot.

'Look - !!!'

Philippe Garrel, Head of the Energy Transition business line at Acofi Gestion: "We are pleased to be moving ahead on our mission of financing Energy Transition players with an innovative developer such as ZE Energy which offers intelligent solutions to the challenges of large-scale RE integration this transaction also demonstrates the Predirec EnR 2 fund's ability to position itself on projects that are complex whether in terms of technology or revenue types by once again leveraging its hybrid financing structures."

Uh, uh ...

'You're lost for words, boss!'

Uh ...

He thinks!

Thank you, Philippe!

ENDS
ENDS
ENDS

...

Anything else? Dreams? Visions?

I'm your sha/man! You've come to the right place.

Well, the wrong place, probably, because I don't want to talk about all that. 'Dreams?' Dreams. Dreams of music. Christ.

It's all private now.

Just know, kook(s) ... I'm your sha/man.

BUT(!) ... fresh starts, I can't, listen, the best I can do is ... to work through all the chaos until I've got Mighty Soul done and the rest of the BIG TEN done and the new bloody demo done and then then ... survive day to day uh to hold on hold on!

You dig?

Laters.