on ARVERNE GROUP S.A. (isin : FR001400JWR8)
RGREEN INVEST Partners with Arverne to Boost Geothermal Energy
RGREEN INVEST has made a €52.4 million investment in GEOGREEN, led by Arverne's founder, Pierre Brossollet. This strategic move, facilitated through the INFRAGREEN V fund, underscores RGREEN INVEST's commitment to advancing geothermal energy in Europe. The investment aims to bolster Europe's energy security and accelerate the energy transition by supporting infrastructure crucial to these goals.
Arverne, a key player in France's geothermal sector, is poised to expand its low-carbon energy solutions. The company is working to advance projects that include the production of geothermal lithium for battery manufacturing, essential for Europe's energy needs.
Through this partnership, GEOGREEN becomes a major player in Arverne's ORANE bond issuance, contributing significantly to a €701 million fundraising effort alongside other financial institutions. The collaboration is integral to Arverne's Dual Flow strategic growth plan.
R. H.
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