Voltalia SA
In the Serra Branca cluster (Brazil), Voltalia completes construction of its
2 GW transmission line and plans to anticipate production of its VSM wind
projects
03-Sep-2019 / 07:25 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 reached physical completion of a
transmission line of 2 GW for its Serra Branca cluster of wind projects
located in North-East Brazil, multiplying by six the cluster's power
evacuation capacity. Fast track development and construction of the new line
will allow Voltalia's VSM 1&2 wind farms (291 MW in total) to begin
operations ahead of Voltalia's initial forecasts.
"With its two transmission lines, Serra Branca has now a 2.4 GW potential.
Voltalia is building one of the largest clusters of wind farms worldwide,
located in one of the windiest spots on the planet", declares Sébastien
Clerc, CEO of Voltalia.
2 GW transmission line reaching completion
Voltalia's new transmission facility in the Serra Branca cluster has reached
physical completion. It will be connected to the grid shortly.
The new line is capable of servicing wind farms with a total capacity of 2
GW. The line is one of the Continent's largest construction projects in term
of capacity. 52-kilometer long and sustained by 112 towers, the line is
designed for a very high voltage of 500 kV.
Voltalia began developing the line in 2016, progressively securing rights of
way over 6 3 pieces of land with 57 different owners, building permits,
interconnection rights and other authorizations.
The process has been swift and smooth thanks to Voltalia's capacity to team
up with local population, who have benefited from on-site employment and
social projects implemented by Voltalia in the region over the past five
years.
Construction works started early 2019, with Voltalia partnering with Seta
Engenharia S.A for the line and WEG for the substation.
The short development-and-construction period is another illustration of
Voltalia's capabilities to implement large, complex and ambitious projects.
VSM 1&2 wind farms (291 MW) expected to generate power earlier than expected
VSM 1 is a 163 MW wind project with regulated long-term power sale
agreements won in December 2017. VSM 2 is a 128 MW wind project with
long-term power sale agreements won in 2018 with public utilities and BRF,
one of the world's largest agribusiness companies. The VSM 1&2 projects,
currently in construction, consist of 83 ca. 3.5 MW turbines, 186-meters
high at the tip of the blade.
With completion of the new transmission line, and thanks to good progress on
the wind farms' construction site, Voltalia now expects the first turbine to
generate power in November 2019 and the last turbine mid-2020.
In line with its strategy to generate additional value from commercial
operation anticipation, Voltalia will sell anticipated production in the
free market at a higher price than that of long-term power sale contracts.
In 2019, power will be sold in the spot market. Starting 2020, power will be
sold through short-term contracts already secured in the free market until
the start of the long-term contracts, between 2021 and 2024[1].
The Serra Branca cluster of wind farms now has a 2.4 GW potential
Located in North-East Brazil in the State of Rio Grande do Norte, the Serra
Branca cluster began to be developed by Voltalia in 2008. Voltalia
progressively secured land rights, permits, rights to connect to the power
grid and power sale contracts for a series of projects. The Serra Branca
cluster expands over a zone of approximately 15 by 50 kilometres, located in
one of the windiest spots in the world. Excellent irradiation means also
that this region has a solar potential.
Within Serra Branca, Voltalia kept some wind projects while selling others
to third parties. Some projects are in operations while others are in
construction and more still under development.
Wind farm Capacity Ownership Commercial
operation
Areia Branca 90 MW 100% 2014/2015
Voltalia
Vamcruz 93 MW 51% 2015
Voltalia
Vila Para 99 MW 100% 2016
Voltalia
Vila Acre 27 MW 100% 2017
Voltalia
VSM 1 & 2 291 MW 65% Expected from
Voltalia* Nov. 2019 to
Mid-2020
VSM 3 70 MW 100% Expected
Voltalia H2 2022
Various projects Up to 100% sold to 273 MW already sold
500 MW EchoEnergia/Actis*
*
Various projects Approx. To be To be determined
1.2 GW (at various stages
of development)
kept or sold
Total 2.4 GW
* 35% to be sold to STOA (18 June 2019 press release)
** 273 MW sold and in construction, plus 227 MW to be confirmed
The new 2 GW transmission line will give additional competitivity to Serra
Branca's future wind and solar projects through economies of scale and
capacity to react rapidly to power market opportunities.
In Brazil, Voltalia owns other wind, solar, hydro and hybrid sites under
operation and development in various States.
Next on the agenda: H1 2019 results on September 25, 2019 (after market
close)
About Voltalia ( www.voltalia.com [1])
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.
Voltalia Actifin
Investor Relations: Press Contact: Jennifer Jullia
invest@voltalia.com
jjullia@actifin.fr
+33 (0)1 81 70 37 00
+33 (0)1 56 88 11 11
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[1] VSM 1 in 2021 and 2023, VSM 2 in 2021 and 2024
Regulatory filing PDF file
Document title: pdf-VEN
Document: http://n.eqs.com/c/fncls.ssp?u=XOESRWXJPP [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: 867395
End of Announcement EQS News Service
867395 03-Sep-2019 CET/CEST
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(END) Dow Jones Newswires
September 03, 2019 01:25 ET (05:25 GMT)
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