The group Econova has closed a financing round with private investors. The funds raised will allow the group to complete the biomass supply project to a German energy group. Econova has been advised by ABRA INVEST for the successful completion of the operation.
Econova, a Catalan group owned by its directors, focuses on renewable energies and the environment, basing its growth on the business application of efficient and innovative environmental and energy solutions.
Through a recently created subsidiary, Econova has signed with E.ON France Power a multi-year contract for the supply of agricultural and forestry biomass for an overall amount of 40 million euros. This contract is part of the French government's policy of promoting renewable energies. The biomass will be certified as available and will be consumed in a thermal power plant located in Provence, France.
ABRA INVEST's team, led by its partner has advised Econova in the process until the successful closing of the transaction. ABRA INVEST (www.abra-invest.com), an independent corporate finance and M&A boutique, specialises in advising growth companies. Its services cover both expansion strategy and the search for financing, especially from alternative sources to banks such as venture capital, industrial investors, business angels, family offices, public aid and alliances with third parties.
If you are looking for financing in the field of energy, please contact us. Abra-Invest has a team of experts in alternative financing at your disposal. Call us on +34 94646424142 or fill in the contact form.
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