Voltalia SA: Production has started at the Egyptian site of Râ Solar, Voltalia's first plant on the African continent

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 
[e-mail] 
 
                                              [e-mail] 
[phone] 
 
                                            [phone] 
 
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:          [e-mail] 
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)