Voltalia SA: first corporate long-term power sale contract of 64 MW signed with leading Brazilian food company BRF

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Voltalia SA 
Voltalia SA: first corporate long-term power sale contract of 64 MW signed 
with leading Brazilian food company BRF 
 
14-Nov-2018 / 17:55 CET/CEST 
Dissemination of a French Regulatory News, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
    With this new contract, Voltalia exceeds EUR4 billion of future revenues 
            secured by long-term sales agreements 
 
 Voltalia (Euronext Paris, ISIN code: FR0011995588), international player in 
  renewable energies, has signed a corporate power sales agreement with BRF, 
 one of the world's largest agribusiness companies with 100,000 employees in 
  140 countries. The new contract will increase the size of Voltalia's VSM 2 
   wind farm project from 64 MW to 128 MW. Voltalia's total cumulated future 
  revenues under secured long-term sales contracts now exceeds EUR4 billion. 
 
  Voltalia's first long-term power sales contract with a corporate client in 
            the free market 
 
With a strategic focus on non-subisidized markets, Voltalia had signed since 
      2014 numerous short- and medium-term power sales contracts in the free 
   market, in order to sell at a high price the electricity produced between 
the accelerated commissioning and the beginning of the long-term power sales 
  contract. Those private contracts captured the value created by Voltalia's 
            technical ability to accelerate construction of power plants. 
 
  Based on that successful free market track record, Voltalia announces that 
   it has signed with its new client BRF its first long-term corporate power 
   sales contract, running for 10 years from January 2021. Once the contract 
     ends, Voltalia will sell the production through new short- or long-term 
            private power sales contracts. 
 
            A world leading agrifood company as long-term business partner 
 
          Voltalia is proud to partner with BRF. With operations in over 140 
  countries, BRF is a global food company headquartered in Brazil and listed 
             both on the São Paulo and New-York stock exchanges. 
 
   Third largest player in the poultry sector globally,.BRF owns production, 
        logistics structure and service capacities in six different regions: 
         Europe/Eurasia, Latin America, Brazil, Africa, Asia, and the Middle 
       East/North Africa. Today BRF operates over 50 factories, more than 40 
      distribution centers, 34,000 suppliers around the world supported by a 
            workforce of over 100,000. 
 
 Increase of Voltalia's VSM 2 wind farm project, further surpassing the 2020 
            target 
 
Thanks to this new contract with BRF, Voltalia will increase the size of its 
 VSM 2 wind farm project from 64[1] MW to 128 MW. The new contract increases 
        to 1,040 MW Voltalia's expected capacity in operation for the end of 
            2020[2]. 
 
    As for most Voltalia projects in Brazil, construction of the extra 64 MW 
will be accelerated. Turbines are scheduled to be progressively commissioned 
in the course of 2020, therefore producing electricity which will be sold on 
    the free market until the beginning of the BRF contract in January 2021. 
 
  The VSM 2 project is part of the Serra Branca cluster. With a potential of 
  nearly 2 GW, it is one of the largest renewable energy sites in the world. 
  The cluster's potential will continue to be developed by Voltalia with the 
  possibility for each new project to be either owned by Voltalia or sold to 
            third-party investors. 
 
            Voltalia in Brazil: key figures 
 
Voltalia is a leading player in Brazil with an outstanding track record. The 
local team, established in 2006, has developed a portfolio of sizeable 
projects including: 
 
  · 433 MW currently in operation, located in the Serra Branca cluster 
  (wind), in São Miguel do Gostoso (wind) and in Oiapoque (hybrid 
  thermal/solar); 
 
  · 298 MW with power sale agreements already secured, to be built in the 
  upcoming years in the Serra Branca cluster (wind) and Oiapoque (hydro to 
  complement the hybrid installation); 
 
  · 2.7 GW of projects under development[3], mainly located in the states of 
  Rio Grande do Norte and Bahía, mostly relying on solar and wind energy. 
 
        "This new contract is another illustration of the many opportunities 
available on a market where renewable energy is, by far, the cheapest source 
of electricity. This contract will not only lower BRF's power cost during 10 
  years, it will also benefit Voltalia as our selling price is more than 50% 
 higher than the tariff of the existing 20-year contract secured for the VSM 
       2 project in August. Thanks to our accumulated experience on the free 
   market, we can offer attractive opportunities to corporate clients across 
 Europe, Africa and Latin America" comments Sébastien Clerc, Chief Executive 
            Officer of Voltalia. 
 
   "With this contract, Voltalia has passed a major milestone with over EUR4 
  billion of cumulated future revenues secured by long-term sales contracts: 
           an outstanding level for a 1 GW portfolio", adds Sébastien Clerc. 
 
            About Voltalia (www.voltalia.com [1]) 
 
  · Voltalia is an international player in the renewable energy sector. The 
  Company produces and sells electricity generated from wind, solar, hydro 
  and biomass power plants; it owns a total installed capacity of 524 MW as 
  of today. 
 
  · Voltalia is also a service provider, assisting its investor clients 
  active in renewables at each project stages, from conception to operation 
  and maintenance. 
 
  · With over 490 employees in 18 countries over 4 continents, Voltalia is 
  able to act worldwide on behalf of its clients. 
 
  · Voltalia has been listed on the Euronext regulated market in Paris since 
  July 2014 (FR0011995588 - VLTSA) and is a component stock of the Enternext 
  Tech 40 index and the CAC Mid&Small index. The Group is also included in 
  the Gaïa-Index, an index for socially responsible midcaps. 
 
                               Voltalia                  Actifin 
 
 Chief Administrative Officer: Marie de Press Contact: J. Jullia 
                                 Lauzon 
 
                                            [phone] 
Investor Relations: [e-mail] 
 
[phone] 
 
=--------------------------------------------------------------------------- 
 
[1] 60 MW at the time of the auctions, optimized to 64 MW shortly 
afterwards. 
 
[2] The secured VSM 2 extension was originally at 42 MW. 
 
[3] As of June 30, 2018; projects developed to be owned or to be sold 
together with additional services. 
 
Regulatory filing PDF file 
 
Document title: VEN 
Document: http://n.eqs.com/c/fncls.ssp?u=FCXXJCMHLJ [2] 
 
Language:        English 
Company:         Voltalia SA 
                 84 boulevard de Sébastopol 
                 75003 Paris 
                 France 
E-mail:          [e-mail] 
Internet:        www.voltalia.com 
ISIN:            FR0011995588 
Euronext Ticker: VLTSA 
AMF Category:    Activity of the issuer(acquisitions, sales...) 
 
End of Announcement EQS News Service 
 
746017 14-Nov-2018 CET/CEST 
 
 
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2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=1227071f86aa9161f66837fe948f4a8b&application_id=746017&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

November 14, 2018 11:56 ET (16:56 GMT)