Meriaura Energy Ltd. (Meriaura Energy) has signed a contract with Les Serres Vermeil SARL (?Serres Vermeil?), an organic vegetables producer based in Palau-del-Vidre, France for the turn-key delivery of a solar thermal plant. The contract, valued at approximately EUR 1.7 million involves the construction of a solar thermal field of 5,800 m2 supplying heat to a greenhouse complex owned by Serres Vermeil. Serres Vermeil will utilize the the solar thermal plant to decarbonize its greenhouse operations.

The project has been developed in collaboration with Eiffage Energie Systèmes ? Cogénération SAS (?Eiffage Energie Systèmes?), part of the Eiffage Group, a major French construction and infrastructure company. Construction is scheduled to commence in 2024, with completion expected in early 2025.