LFDE’s Gazonor subsidiary has issued €3m of 7 years convertible bonds to CAP 3RI, with a pre-money valuation of €63m.

CAP 3RI is an investment company focusing on the Northern France region and specializing in opportunities related to the Third Industrial Revolution.

This funding should support the further development of coal mine methane operations in Northern France.

LFDE continues to grow its capacity to provide an economically and ecologically competitive clean energy for local consumption.