Voltalia SA
Voltalia wins new projects in Brazil for a total of 48 megawatts, including
the first solar plants in its Serra Branca cluster of projects
22-Oct-2019 / 20:00 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, wins new long-term power purchase agreements in
Brazil during the public auctions organized by the national regulator for a
32 MW (solar) and a 16 MW (hydro) capacity.
"This victory demonstrates that our Serra Branca cluster is also competitive
for solar projects thanks to favorable weather conditions and economies of
scale made possible by its size. We now know that solar projects, together
with wind projects, will contribute to take advantage of the 2.4 gigawatt
potential of our Serra Branca cluster. I thank Voltalia's team in Brazil,
who built a leading player in the country since 2006, and the other teams in
Voltalia who supported their Brazilian colleagues for this new success" says
Sébastien Clerc, CEO of Voltalia.
The Solar Serra do Mel (SSM) 1 and 2 solar plants will have a total capacity
of 32 MW. They will be located in Voltalia's Serra Branca cluster, which is
already hosting six Voltalia wind farms in operation (309 MW) and
construction (291 MW). Thanks to the recently completed connection
capacity[1], the Serra Branca cluster has a total potential of 2.4 GW which
is available for projects to be owned by Voltalia or to be sold to
third-party clients. The SSM 1 and SSM 2 solar plants will rely on 20-year
power sales agreement, starting January 2025.
The 16 MW hydro plant of Cabuí will be located at the Paraibuna river in
Minas Gerais, a state known for its attractive hydraulic resources. Voltalia
has secured a 30-year power sales agreement, also starting January 2025.
As for most Voltalia projects in Brazil, construction of these plants is
likely to be anticipated, with power to be sold ahead of January 2025. They
should contribute to Voltalia's 2023 objectives: generate between 275 and
300 million of euros of EBITDA in 2023 and own 2.6 GW of capacity in
operation or construction at the end of 2023.
Voltalia will continue to develop its 3.7 GW Brazilian portfolio of future
projects, located in various clusters and sites in the states of Rio Grande
do Norte, Bahía and Minas Gerais (wind, solar and hydro), with the dual goal
of building its own portfolio and partnering with investors who wish to rely
on Voltalia's track record as a developer.
Next on the agenda: Q3 2019 revenues on October 23, 2019 (post 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 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 19 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] Press release dated September 3, 2019
Regulatory filing PDF file
Document title: pdf-VEN
Document: http://n.eqs.com/c/fncls.ssp?u=DMGQKOJLSP [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: 894469
End of Announcement EQS News Service
894469 22-Oct-2019 CET/CEST
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(END) Dow Jones Newswires
October 22, 2019 14:00 ET (18:00 GMT)
