Voltalia SA
Voltalia crosses the 1 GW in operation or construction milestone
13-Jun-2019 / 07:30 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 it has launched the construction of 85 MW
of total additional capacity shared between four plants in France and one in
Kenya. With these new construction projects, Voltalia crosses the one
gigawatt in operation or construction milestone.
"These new building works allow us to cross the one gigawatt in operation or
construction milestone. They are also a good illustration of our strategy:
we are growing in one of our historical markets, while making further
inroads on the African continent which already represents 8% of our
portfolio of plants. Voltalia is currently building a total of 527 MW among
which 472 MW to be owned by the Group and 55 MW for third-party clients. Our
construction teams demonstrate their ability to manage simultaneously
numerous projects: this expertise will be precious to reach our objective of
more than 2.6 GW in operation or construction by 2023, that is to say 1.6 GW
of new constructions over the 2021-23 period ", declares Sébastien Clerc,
CEO of Voltalia.
Voltalia significantly increases its presence in metropolitan France
The construction works launched today encompass four plants in France: two
solar plants and two wind farms. They represent a 30% growth of Voltalia's
portfolio of plants[1] in metropolitan France, which reaches 154 MW.
The two solar projects, with a capacity of 9 MW in total, were won during
two rounds of the CRE 4 call for tenders in 2018. They will benefit from
20-year contracts, under the contract for difference[2] scheme. Those sites
are located in the South /Provence-Alpes-Côte d'Azur region close to each
other and not far from other solar plants owned by Voltalia. They will
therefore benefit from significant economies of scale during the
construction and operation phases.
The two wind projects, with a total capacity of 27 MW, benefit from a
regulated purchase price secured in 2016, with secured revenues for the
Group over the next 15 years, under the contract for difference scheme. They
are located in the Charente-Maritime region, only distant by 7 km, and only
at a one-hour drive from Voltalia's La Faye wind farm, in operation since
2010.
Voltalia's growth continues on the African continent
Voltalia also launches construction works for the Kopere project in Kenya
(50 MW). It benefits from a 20-year electricity sale contract signed with
Kenya Power and Lighting Company (KPLC), the Kenyan electric power utility.
The construction works start shortly after having launched those of a 55 MW
solar plant for Alten[3], close to Eldoret city. The two projects being only
distant by around 60 km, the Group will ensure the construction of both
solar plants in parallel, leveraging the on-the-ground knowledge of a local
team and mutualizing costs during the construction and operation phases.
During both phases, Voltalia will rely on the expertise of teams from its
new Global Solar Hub, inaugurated end of May in Porto.
As the largest solar park owned by Voltalia, Kopere increases Voltalia's
African capacity under construction to 82 MW, confirming the Group is making
rapid inroads in a very favorable context, characterized by high demand for
affordable electricity.
Project details
Country Project name MW Energy Expected commissioning period
France Talagard 5 Solar H2 2019
France Jonquières 4 Solar H2 2020
France Coivert 11 Wind H2 2020
France Vergné 16 Wind H2 2020
Kenya Kopere 50 Solar H2 2020
The Talagard project is located in the South /Provence-Alpes-Côte d'Azur
region, in the municipality of Salon-de-Provence. The plant will be built on
the site of a former municipal landfill. In addition, the land clearing
allowance will be allocated to the maintenance works of the local forest.
The plant will produce enough renewable electricity to power the equivalent
of c. 3,000 French households.
The solar carport project of Jonquières is also located in the South
/Provence-Alpes-Côte d'Azur region. It will cover both the local flea market
and its dedicated parking lot. The solar panels will enable electricity
production while serving as a protection for market goers and their vehicles
against the sun and other weather events. The plant could benefit from
Helexia[4] teams' know-how during the operation phase.
Located in Charente-Maritime, the Coivert and Vergné wind projects will
contribute to the achievement of the objectives set by the
Nouvelle-Aquitaine region to install 3,000 MW of wind energy by 2020.
Together, they cover the consumption of 21,000 French households.
The Kopere solar plant project, was initiated by Martifer Solar and is
located at Songhor (Nandi county). By covering the consumption of 700,000
people, it will contribute to reach the Kenyan government target of
achieving universal electricity access by 2020 (vs. 70% in 2017).
Projects under construction
Country Project MW Energy Expected
commissioning
period
Egypt Ra Solar 32 Solar H2 2019
France Talagard 5 Solar H2 2019
France Tresques 3 Solar H2 2019
France Parroc 5 Solar H2 2019
France Sarry 22 Wind H2 2019
France Carrière des 8 Solar H2 2019
Plaines
France Taconnaz 5 Hydro H2 2019
Fr Guiana Savane des Pères 6 Solar +storage H2 2019
Brazil VSM 1 163 Wind H1 2020
Fr Guiana Mana Stockage 10 Storage H1 2020
Brazil VSM 2 128 Wind H2 2020
France Jonquières 4 Solar H2 2020
France Vergné 16 Wind H2 2020
France Coivert 11 Wind H2 2020
Fr Guiana Cacao 5 Biomass H2 2020
Kenya Kopere 50 Solar H2 2020
Total 472
Next on the agenda: Q2 2019 revenues on July 17, 2019
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 1 GW 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 591 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
Chief Administrative Officer: Marie de Lauzon
Investor Relations: invest@voltalia.com
+33 (0)1 81 70 37 00
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[1] In operation or under construction
[2] Implemented by the 2016 French energy Act ("loi relative à la transition
énergétique pour la croissance verte"), the contract for difference system
("complément de rémuneration") consists in a premium price granted to the
electricity producer to compensate the difference between the market price
and the tariff fixed in the tariff order or stated in the terms of the call
for tender
[3] See press release dated May 30, 2019
[4] See press release dated May 21, 2019
Regulatory filing PDF file
Document title: pdf-VEN
Document: http://n.eqs.com/c/fncls.ssp?u=QWJLCSMYHN [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: 823649
End of Announcement EQS News Service
823649 13-Jun-2019 CET/CEST
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(END) Dow Jones Newswires
June 13, 2019 01:30 ET (05:30 GMT)
