Voltalia SA
Production has started at the Egyptian site of Râ Solar, Voltalia's first
plant on the African continent
08-Oct-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 that its Egyptian solar plant Râ Solar (32
MW), the first power plant developed, built and managed by the Group on the
African continent, is completed and has started producing power.
Votalia's Râ Solar power plant is now in operation and has started to
produce its first MWh. Equipped with 93,150 Suntech photovoltaic panels, the
plant benefits from the region's high solar irradiation, with a load factor
expected above 25%. Voltalia benefits from a 25-year power sales contract
with the Egyptian Electricity Transmission Company (EETC).
Located in the Aswan region (Upper Egypt), the power plant is part of
Benban, one of the largest clusters of solar plants worldwide with a total
capacity expected to reach 1.8 GW. The cluster will enable to avoid 2
million tons of greenhouse gas emissions per year while improving access to
competitive energy in Egypt. Benban is therefore instrumental in achieving
the 2 GW target of solar installed capacity set by Egypt within the scope of
the Paris Agreement in 2015.
Fully developed by Voltalia's teams, who supervised construction and will
also ensure its operations & maintenance, Râ Solar is the Group's first
plant producing electricity on the African continent. In Africa, Voltalia
has a large pipeline of project in development, reaching 1,2 GW at end June
2019. The Group is currently building a 50 MW power plant in Kenya for its
own account and 63,6 MW for third-party clients in Kenya and Burundi.
"As our first power plant on the continent, Râ Solar's construction
completion marks a new step forward for Voltalia in Africa. With contracts
currently secured in 5 countries, Voltalia is making quick inroads into the
continent. True to our strategy to target countries where renewable energy
is competitive, Africa is one our tree key regions for reaching our 2023
ambitions", declares Sébastien Clerc, CEO of Voltalia.
Next on the agenda: Q3 2019 revenues on October 23, 2019
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 has
generating capacity in operation and under construction of more than 1 GW
and a portfolio of projects under development representing total capacity of
7.1 GW, of which 0.6 GW is secured.
Voltalia is also a service provider and supports its investor clients in
renewable energy projects during all phases, from design to operation and
maintenance.
As a pioneer in the corporate market, Voltalia provides a global offer to
private companies, ranging from the supply of green electricity and energy
efficiency services to the local production of their own electricity.
The Group has 697 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
Regulatory filing PDF file
Document title: pdf-VEN
Document: http://n.eqs.com/c/fncls.ssp?u=ALCMMFQHVK [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: 886523
End of Announcement EQS News Service
886523 08-Oct-2019 CET/CEST
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(END) Dow Jones Newswires
October 08, 2019 01:30 ET (05:30 GMT)
