Voltalia SA
Voltalia SA: SNCF Energie and Voltalia sign a very long-term direct power
purchase agreement of nearly 150 MW, a first in France
26-Jun-2019 / 19:59 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
SAINT-DENIS and paris, 26 JUNE 2019
SNCF Energie and Voltalia signed a direct, long-term power purchase
agreement (corporate PPA[1]). This is the first PPA of this size signed in
France between a renewable energy producer and a major independent consumer.
With a capacity of nearly 150 MW over 25 years, this corporate PPA is the
first of its kind in France and one of the 10 most important in Europe.
SNCF Energie, a 100% subsidiary of SNCF Mobilités, passenger and freight
transport operator and service provider, and Voltalia a French and
international player in renewable energies have signed the largest corporate
power purchase agreement in France. The 25-year corporate power purchase
agreement between the two companies is unprecedented in France, both for the
length of its term and for the volume of energy supplied.
The PPA covers a capacity of 143 MW, and should provide between 3% and 4% of
the power required for SNCF Mobilités train traffic by 2022-2023. For the
volume of energy supplied, it ranks among the 10 most important corporate
PPAs in Europe.
Firmly committed to protecting the planet, as mentionned in its corporate
mission, SNCF Group aims at having renewable sources providing 40 to 50% of
the power mix of electricity consumed by train traction by 2025. It is
engaged in negotiations with various power producers in order to sign PPAs
representing a total volume of 6 to 7 times this first Renewable Energies
Corporate PPA, over the next 2 to 3 years.
Three NEW SOLAR PLANTS against CLIMAT change
This agreement creates a direct relationship between SNCF Energie and three
new solar power plants to be built, owned and operated by Voltalia.
In contrast to procurement of electricity from already existing renewable
plants, long term PPAs allow for new capacity to be built and thus have an
actual, direct and sustainable impact on energy transition. A long-term
commitment is also essential to selling the electricity at a competitive
price.
The three solar plants, with combined capacity of 143 MW, will be built and
owned by Voltalia. Slated for commissioning between 2022 and 2023, they will
be located in the Gard, in the Occitanie region, and in the Var, in the
Sud-Provence-Alpes-Côte-d'Azur region.
Annual production will be more than 200 GWh, wich corresponds to the annual
consumtion of around 40 000 french housdeholds[2], that is to say the
population of sizeable French cities such as Angoulême, Compiègne or Melun.
TWO MAJOR players FIRMLY engaged IN RESPONSIBLE ENERGY
SNCF is pursuing its bold, proactive policy of seeking out responsible
energy, while operating mobility systems that are already best-in class
regarding greenhouse gases emissions (11% of passengers and freight
transported in France, but less than 1% of the greenhouse gases emissions of
the sector).
For Voltalia, an international pioneer and French leader in supplying
renewable energies directly to businesses, the agreement will translate into
76% growth of its portfolio of power plants in France. This contract is an
important step towards its 2023 objective of 2,600 megawatts[3] worldwide.
"This first contract with Voltalia, a renewable energy producer, is another
big step toward our goal of responsible energy. It's all part of our
continuing competitive dialogue on renewable PPAs, launched and spearheaded
by our subsidiary SNCF ??nergie.
The deal with Voltalia is unprecedented for four reasons: unprecedented
volume of 143 MW; an unprecedented 25-year term; an unprecedented price
(well below market price); and an unprecedented addition to France's
photovoltaic solar capacity, with 100% of the new energy generated on French
soil.
Our goal is to expand our use of renewable PPAs to cover 20% of the traction
electricity we consume, so that more than 40% of our power mix will come
from renewable sources in two to three years. It's a powerful way to show
that we are deeply committed to responsible energy and are on track to step
up the pace of change!" said Mathias Emmerich, Deputy CEO, SNCF Mobilités.
"Once again, Voltalia has proven that renewable energy is competitive. That
was already true in many countries where Voltalia generates and sells
market-price energy under long-term contracts. Now it's also true of France,
where we will see 76% growth under this agreement.
In a new context for France, Voltalia has positionned itself as a leader in
forging direct relationships between renewable energy producers and
consumers. We intend to pursue our outreach for large corporations willing
to source their electricity from renewable sources, at competitive prices.
I salute the entire SNCF team for their responsiveness and
professionalism.They recognized the importance of the energy transition and
swung into action to meet this challenge with innovation" declares Sébastien
Clerc, CEO, Voltalia.
About SNCF
SNCF is a global leader in passenger and freight transport
services, with revenue of EUR33.3 billion in 2018, of which
one-third on international markets. With 272,000 employees in
120 countries, SNCF draws on its foundations in French rail
and its extensive experience as an architect of transport
services. It aims to become the benchmark for mobility and
logistics solutions in France and worldwide. SNCF has six core
businesses: SNCF Réseau (management and operation of the
French rail network); commuter transport (mass transit in the
Paris region, TER regional rail, and Keolis in France and
worldwide); long-distance rail (TGV inOui, Ouigo, Intercités,
Eurostar, Thalys and more, and ticket sales through Oui.sncf);
SNCF Gares & Connexions (station management and development),
SNCF Logistics (freight transport and logistics worldwide with
Geodis, Fret SNCF and Ermewa) and SNCF Immobilier (management
and optimization of SNCF property and land assets).
+ For more information, sncf.com [1]
About Voltalia
Voltalia is an international player in the renewable energy
sector. The Group produces and sells electricity generated
from wind, solar, hydraulic, biomass and storage facilities
that it owns and operates.Voltalia is also a service provider
and supports its investor clients in renewable energy projects
during all phases, from design to operation and maintenance.
Voltalia has generating capacity in operation and under
construction of more than 1 GW and a portfolio of projects
under development representing total capacity of 6.2 GW, of
which 0.6 GW is secured. The Group has 591 employees and is
present in 18 countries on 4 continents and is able to act
worldwide on behalf of its clients.Voltalia is listed on the
regulated market of Euronext Paris, compartment B
(FR0011995588 - VLTSA) and is part of the Enternext Tech 40
and CAC Mid & Small indices. The Group is also included in the
Gaïa-Index, an index for socially responsible midcaps.
+ For more information, voltalia.com [2]
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[1] Power Purchase Agreement: a contract under which a company agrees to
purchase electricity directly from a renewable energy producer's plant,
either solar or wind, especially built for this purpose, and made possible
by the extended term of the agreement.
[2] According to the French Energy Regulatory Commission figures.
[3] 2.6 gigawatts in operation or construction worldwide by end 2023, vs. 1
gigawatt as of today.
Regulatory filing PDF file
Document title: pdf-VEN
Document: http://n.eqs.com/c/fncls.ssp?u=HVLNALOTCD [3]
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: 831731
End of Announcement EQS News Service
831731 26-Jun-2019 CET/CEST
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(END) Dow Jones Newswires
June 26, 2019 13:59 ET (17:59 GMT)
