Dev'EnR

Dev'EnR

Independent renewable energy producer.

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DateInvestorsAmountRound

€12.5m

Series A
Total Funding000k

Financials

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Revenues, earnings & profits over time
EUR202020212022
Revenues000000000000
% growth--86 %
EBITDA000000000000
Profit000000000000
% profit margin-19 %8 %
EV000000000000
EV / revenue00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x
R&D budget000000000000

Source: Company filings or news article

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More about Dev'EnR
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Dev'EnR operates as an independent renewable energy producer in France, focusing on the development, construction, and operation of photovoltaic power plants. The company was founded in 2019 in Béziers by the husband-and-wife team, Stéphane and Roxanne Bozzarelli. Their journey into founding Dev'EnR was driven by previous experience in the energy sector, including at Quadran (since acquired by TotalEnergies), and a shared belief that renewable energy development should not be monopolized by large corporations. Roxanne Bozzarelli previously founded and led Libwatt, a company specializing in photovoltaic self-consumption, which was sold to Direct Energie in 2018. This background instilled a focus on creating a human-scaled, agile company that works in close partnership with local territories.

The firm's business model is comprehensive, covering the entire project lifecycle from site identification and design to financing, construction, operation, and eventual dismantling. Dev'EnR serves a variety of clients, including local authorities and commercial businesses, by developing customized solar energy solutions. Its portfolio includes ground-mounted solar farms, parking lot canopies (ombrières), floating solar plants, and rooftop installations. The company also develops agrivoltaic projects geared towards livestock farming. Revenue is generated through the production and sale of green electricity. A notable offering is 'Flex'EnR,' a local, short-circuit green electricity brand that supplies energy to communities and professionals at competitive prices.

Financially, Dev'EnR has demonstrated significant growth and attracted investor confidence. After an initial funding round at its creation, the company secured a major €12.5 million fundraising in April 2023 from investors including IDIA Capital Investissement, OCCTE, and its historical partner SOFILARO. This was followed by a €10 million revolving credit facility (RCF) in November 2024 to finance the construction of new solar farms. The company reported a turnover of €2.4 million in 2022 and aims to have an installed capacity of over 100 MW by the end of 2026. Headquartered in Béziers, Dev'EnR has expanded its presence with offices in Bordeaux, Toulouse, Marseille, Mende, and Dijon to support its growing project pipeline across several French regions.

Keywords: renewable energy producer, photovoltaic power, solar farm development, agrivoltaics, floating solar, solar canopies, rooftop solar, energy transition, independent power producer, project financing, green electricity, electricity sales, community energy projects, Roxanne Bozzarelli, Stéphane Bozzarelli, Occitanie, Béziers, Flex'EnR, short-circuit energy, sustainable development

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