Successful subscription for EDF Luminus Wind Together scrl and issue of new shares

The issue of shares of EDF Luminus Wind Together scrl, launched on 8 March of this year, was a big success. A total of 850 people have subscribed for 2 million EUR worth of shares. Today EDF Luminus repeats the initiative with a 2nd issue of shares for an amount of 2 million EUR. 

 

Success story

EDF Luminus Wind Together is very pleased with the success of the first subscription campaign, which related to the wind farms of Berloz et Tessenderlo and was closed on 9 September 2016.  The initiative not only generated enthusiasm among residents in the area of the company’s renewable energy projects, but also among other investors interested in making a "green" investment with an interesting yield, significantly higher than that of a traditional savings account.  

Given this success, EDF Luminus Wind Together scrl will be launching the second part of its campaign on 7 October 2016.  This second capital raising initiative, again for an amount of 2 million EUR, will relate to the wind farms of Ciney and Puurs.

Overview of the main characteristics

The price of a share is still 125 euro. Any natural person or legal entity residing or established in Belgium can subscribe. Wind Together expects an average yield of 4.4% of the par value of the shares, but there is no guaranteed minimum dividend. The maximum amount that can be invested per person is € 3000, representing 24 shares. This means that a family consisting of two parents and two children can maximally subscribe for four times 24 shares of € 125 each.

An investment by citizens, symbolising EDF Luminus’s commitment to the planet

According to Grégoire Dallemagne, CEO of EDF Luminus, “This operation is entirely in line with the strategy of EDF Luminus.  In our capacity as a green energy producer, it is our duty to encourage and promote renewable energy projects and sustainable and local energy consumption, as well as to raise awareness in this respect. The success of the first issue proves that a lot of people are prepared to be actively involved in the transition to other sources of energy, which is a major part of the fight against climate change. To give an example: among the numerous subscribers there is a couple who subscribed for their 10-year-old child. That’s a beautiful symbol, to say the least.”

EDF Luminus has been investing in renewable energy production for more than 60 years. More than 17% of its production comes from Belgian renewable energy sources. The number of wind turbines owned by EDF Luminus is continuously increasing. The company is currently a major and vital player in the wind energy sector in Belgium, with a total of 120 wind turbines at the end of September 2016.   They represent a total capacity of 271 MW, which corresponds to the annual consumption of more than 150,000 families. With 16% of the country’s total (on-shore) wind capacity, EDF Luminus is the market leader. 

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About Luminus

We produce electricity and provide energy as well as energy services. We are the number one in onshore wind energy and hydropower in Belgium. We play a central role in securing energy supplies in Belgium thanks to several natural gas power plants that enable us to respond to the variable character of solar and wind energy. With an installed capacity of 2,160 MW in August 2019, Luminus represents about 10% of the total installed capacity in Belgium. We sell electricity, natural gas and energy services to approximately 2 million private and corporate clients, accounting for a commercial market share of about 20%. We invest in future energy challenges by offering innovative solutions to clients in the field of energy efficiency and by keeping focusing on sustainable energy development. We have almost 2,000 employees. The majority of these people are fully dedicated to the development of energy efficiency services and renewable energy. For the seventh year in a row, our company is among the 64 companies that have been elected Top Employer in Belgium. We have strong ties with local communities and boast the expertise of the EDF Group, one of the world leaders in the energy industry. More information is available on www.luminus.be

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