FDE announced that the French Government has granted it exclusive concessions to 18 additional sites to access abandoned mine methane (AMM) reserves and produce electricity utilising combined heat and power (CHP) plants. This is a highly significant and long delayed announcement as it allows FDE to grow its core AMM business in which it currently has 22.5MW of capacity installed, which we estimate generated ~€16mm of EBITDA in fiscal year 24/’25. The additional 18 sites should allow FDE to add ....
