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An update from Vergnet S.A. ( (FR:ALVER) ) is now available.
Vergnet SA has announced the acceleration of its Yap project in the Federated States of Micronesia, moving into the civil engineering phase this semester. This project, along with the Kosrae project, is part of a broader renewable energy initiative funded by the Asian Development Bank and the World Bank. These hybrid projects incorporate solar installations and battery storage systems, aiming to enhance energy autonomy and reduce fossil fuel dependency for local populations. They highlight Vergnet’s commitment to energy transition in remote areas and are expected to generate over 10 million euros in revenue in 2025.
More about Vergnet S.A.
Vergnet SA is a French company specializing in renewable energy production, focusing on wind, solar, and hybrid solutions. The company designs, manufactures, installs, and distributes these technologies, with unique offerings such as anti-cyclonic wind turbines and the Hybrid Wizard system. It operates in over 50 countries, particularly in island, cyclonic, and isolated regions, and is known for its expertise in non-interconnected network installations.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €349.3K
For an in-depth examination of ALVER stock, go to TipRanks’ Stock Analysis page.
