Elements raises €50 million to accelerate international growth
- Renewed support from historical shareholder Noria, joined by Bpifrance via its France Investissement Energie Environnement 2 fund, 8 Crédit Agricole banks coordinated by Sofilaro, OCCTE via its OCCTE OCCIGEN fund, and Enerfip, which are contributing 50 million euros;
- Investment plan of 900 million euros over the period 2024 - 2030, on the solar, wind and hydroelectric sectors;
- Target of 1 GW in construction and operation by 2030;
- Acceleration of international ambitions with the development of new geographical areas;
Elements, an independent producer of decarbonized electricity through exclusively greenfield development, announces that it has raised €50 million from its historical shareholder Noria, joined by Bpifrance, via its France Investissement Energie Environnement 2 fund dedicated to energy and environmental transition, 8 Crédit Agricole banks, OCCTE via its OCCTE OCCIGEN fund, and Enerfip Gestion, the management company of the Enerfip Group. Partners Pierre-Alexandre Cichostepski, Loïc Chazalet and Grégoire Petit retain joint control of the company. Together with the employees, they form the majority shareholder block. This new round of financing is designed to support Elements in the growth of its power generation business, with a target of 1 GW in construction and operation by 2030. Elements is active in the solar, wind and hydroelectric sectors, and plans to invest 900 million euros between now and 2030. The company, which already has several offices in France (Montpellier, Paris, Lyon, Nantes, Bordeaux and Guadeloupe), intends to capitalize on this transaction to develop its regional roots and international presence in Italy, Finland and Germany, where it already operates. To achieve its ambition, Elements, which currently employs 104 people, intends to double its workforce by 2030. For this third round of financing, Elements is bringing together investors with whom it has already experienced fruitful cooperation. All share a common ambition to take concrete action for the energy transition with an entrepreneurial approach.