SMALT ENR has closed a €3 million bond issuance to support PIANEL's construction of 58 photovoltaic-equipped poultry shelters in northwestern France.
Target Information
PIANEL, an investor partner for poultry shelter projects developed by NOVAFRANCE Energy, has successfully closed a €3 million bond issuance in collaboration with SMALT ENR. This funding is earmarked for the construction of 58 poultry shelters, each equipped with photovoltaic roofing, which aims to enhance the sustainability and efficiency of poultry farming in northwestern France.
The poultry shelters serve a dual purpose: they provide essential protection for birds against heat, harsh weather, and predators while simultaneously generating green energy through solar power. PIANEL has ambitious plans to construct between 200 and 300 such poultry shelters annually, with 220 already scheduled for 2023.
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Industry Overview
The poultry industry in France is experiencing a significant transformation, driven by increasing consumer demand for sustainable and ethically produced food. This shift is prompting producers to adopt innovative practices tha
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SMALT ENR
invested in
PIANEL
in 2022
in a Other VC deal
Disclosed details
Transaction Size: $3M