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Voltalia SA
Voltalia launches the construction works of France's biggest battery storage
system
09-May-2019 / 17:56 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Voltalia (Euronext Paris, ISIN code: FR0011995588), an international player
in renewable energies, announces the start of the construction of the Mana
Stockage facility in French Guiana, not far from the Savanes des Pères
project -currently under construction- within the Toco storage complex. This
complex represents France's largest battery storage system.
"Battery storage is a nascent market: it represented less than 1% of the
renewables market in 2018. With the drop in batteries prices, but also in
the cost of other storage technologies, the sector will experience a fast
and sustainable growth. Active in the market since 2017, we continue to
build an expertise on both small and large storage capacities, a strategy
which will open up many opportunities" declares Sébastien Clerc, CEO of
Voltalia.
Launch of the construction of a second storage project in French Guiana for
Voltalia
Voltalia launches the construction of Mana Stockage, a new project made of
two storage units using batteries, for a total installed capacity of 10 MW
and a usable capacity of 11.3 MWh.
Main winner of the French Commission for Energy Regulation (Acronym: CRE)
call for projects in 2018, Mana Stockage represents 90% of the storage
capacity awarded for French Guiana.
Voltalia expert teams designed the project and will also manage its
construction and maintenance. This equipment will benefit from a 10-year
remuneration contract starting from the commissioning of the facility,
expected early 2020.
A storage solution, serving the grid. and final consumers
The two storage units will address two different issues and came with a
precise set of technical specifications and corresponding sizing and design.
The first unit (5 MW/4 MWh) will be used to regulate the frequency of the
network: by discharging stored electricity on the network when there is a
drop in frequency, due to lower production or a rise in consumption, it will
enable the grid operator to stabilize the grid's frequency.
The second unit (5 MW/7.3 MWh) will be used for daily arbitrage: by storing
electricity produced when it is abundant and releasing it during peak
consumption in the evening, it will enable to decrease the cost of
electricity for the grid operator.
In total, the CRE estimated that the 11 projects retained will enable to
avoid more than EUR370 million in extra production costs over the next 25
years.
The Toco storage complex
Before the Mana Stockage project, the complex has harboured the Savane des
Pères project. Currently under construction[1] with a commissioning
scheduled in the second semester of 2019, Savanes des Pères couples a 2.6 MW
/ 2.9 MWh battery system and a 3.8 MW solar plant. In total, the Toco
complex offers a 12.6 MW / 14.2 MWh installed capacity.
A differentiating expertise on storage, serving small grids and isolated
sites
As for all technologies it masters, Voltalia is present throughout the
entire value chain of the project, from development to operation and
maintenance. With two facilities now under construction in French Guiana,
2019 witnesses an acceleration of the Group's activities in the storage
segment. These competencies are particularly useful for projects in isolated
sites or small grids, which Voltalia is currently developing in emerging
countries.
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,
biomass and storage facilities, with a total capacity of 921 MW either in
operation or construction.
· Voltalia is also a service provider, assisting its investor clients
active in renewables at each project stages, from conception to operation
and maintenance.
· With 550 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
+33 (0)1 56 88 11 11
Investor Relations: invest@voltalia.com
+33 (0)1 81 70 37 00
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[1] Press release of January 17, 2019
Regulatory filing PDF file
Document title: PDF-VEN
Document: http://n.eqs.com/c/fncls.ssp?u=UXYEOMVRPI [2]
Language: English
Company: Voltalia SA
84 boulevard de Sébastopol
75003 Paris
France
E-mail: invest@voltalia.com
Internet: www.voltalia.com
ISIN: FR0011995588
Euronext Ticker: VLTSA
AMF Category: Inside information / Other releases
EQS News ID: 809499
End of Announcement EQS News Service
809499 09-May-2019 CET/CEST
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(END) Dow Jones Newswires
May 09, 2019 17:08 ET (21:08 GMT)
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