Valorem is a vertically-integrated green energy operator, that offers a range of renewable energy solutions while guiding and supporting local authorities and its partners at every stage of a project: surveys, development, financing, construction, operational oversight and maintenance.
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Latest Valorem News
Dec 14, 2022
Vestas wind turbines. December 14 (Renewables Now) - France’s Valorem has secured long-term debt financing to back the construction of its first wind farm in Greece, a 27-MW project within the Askio mountain range in the northwestern part of the Balkan country. The independent green energy operator said on Tuesday it has raised the financing from local lender Alpha Bank. The debt of nearly EUR 31 million (USD 33m) is earmarked for its EUR-40-million Magoula project. To be located to the northwest of Kozani town, the proposed wind farm will be equipped with six V150-4.5 MW turbines by Denmark’s Vestas Wind Systems. The annual gross output of the machines is estimated at some 71 GWh, or enough to supply 18,000 homes. Valorem intends to start building the plant at the end of this year and bring it online in the first quarter of 2024. Air Energy will act as the main engineering, procurement and construction (EPC) contractor. The project was one of the winners in the July 2020 renewable energy auction held by Greece’s Regulatory Authority for Energy (RAE) and will be operated under a feed-in tariff (FiT) contract. Valorem noted it will perform asset management services in-house. At present, the French firm has roughly 700 MW of projects under development in Greece, which is one of its key markets.
Valorem Frequently Asked Questions (FAQ)
When was Valorem founded?
Valorem was founded in 1994.
Where is Valorem's headquarters?
Valorem's headquarters is located at 213 Cours Victor Hugo, Begles.
What is Valorem's latest funding round?
Valorem's latest funding round is Debt.
How much did Valorem raise?
Valorem raised a total of $255.8M.
Who are the investors of Valorem?
Investors of Valorem include AIP Management, 3i Infrastructure, Capenergie, GSO Capital, Omnes Capital and 3 more.
Who are Valorem's competitors?
Competitors of Valorem include Enefit.
Compare Valorem to Competitors
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Enefit provides services for electricity, gas, and renewable energy. It was founded in 2006 and is based in Riga, Latvia.
INGENCO is a rapidly-growing provider in the green energy field of landfill gas electricity generation. The company operates the largest landfill gas electricity generation portfolio on the East Coast. INGENCO's technology provides the platform upon which it develops commercially viable projects at landfill sites where other companies cannot. These landfill gas-to-energy projects help protect the environment by reducing harmful methane gas emissions from the landfills while also providing the landfills with economic growth. The company was founded in 1989 and is based in Richmond, VA. On April 29th, 2022, INGENCO was acquired by Archaea Energy at a valuation of $215M.
Encavis (ETR: ECV ) provides electricity generation from power plants. It produces power from renewable energy sources which include solar energy plants and wind farms, as well as specializes in the technical operation of solar parks, routine maintenance, monitoring, incident management, and performance analysis. The company was founded in 2002 and is based in Hamburg, Germany.
US Geothermal is involved in the development, production and sale of electricity from geothermal energy.
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