Voltalia SA
In Brazil, power sale contract with Braskem: Voltalia ready to build its
biggest solar project - 270 megawatts
02-March-2020 / 18:00 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, has signed a power sale contract with Braskem, one of
the world's leading producers of thermoplastic resin. This client, as well
as other long-term clients previously secured, will be supplied by
Voltalia's Solar Serra do Mel (SSM) 1&2 plants located in Rio Grande do
Norte (Brazil). SSM 1&2 will have a 270 MW capacity, making it Voltalia's
largest solar project.
In October 2019, Voltalia won two sales contracts for a total of 32 MW[1].
Since then, Voltalia has secured additional long-term power sales contracts
totaling 238 MW with a series of buyers including Brazilian utilities Copel
and Braskem. Braskem is one of the world's leading producers of
thermoplastic resin, listed on the São Paulo, New-York and Madrid stock
exchanges and is investing to increase the share of renewable and
sustainable energy in its global energy mix. Braskem will purchase
electricity generated by the SSM 1&2 plants under a 20-year contract. The
other SSM 1&2 power sales contracts have maturities ranging from 10 to 20
years. Once these contracts end, Voltalia will sell the production through
new short- or long-term private power sales contracts.
Thanks to Braskem's contract, the SSM 1&2 solar plant will reach an
installed capacity of 270 MW, making it Voltalia's biggest solar project
globally. Its construction is expected to start in the second half of 2020,
with a commissioning date in the first half of 2022.
Being part of Voltalia's Serra Branca cluster of wind and solar projects,
located in the state of Rio Grande do Norte (Brazil), the SSM 1&2 project
will benefit from economies of scale.
"We are delighted to have sealed our first long-term power sales agreement
with Braskem. The deal proves that an increasing number of commercial and
industrial customers are looking to purchase competitive and clean renewable
energy in order to meet their energy needs. Besides, our team in Brazil,
with the support of their colleagues in Portugal and France, has been able
to develop Voltalia's largest solar project worldwide" says Sébastien Clerc,
CEO of Voltalia.
Next financial release: 2019 financial results, March 23, 2020 (before
market open)
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.
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 791 employees and is present in 20 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] October 22, 2019 press release
Regulatory filing PDF file
Document title: pdf-VEN
Document: http://n.eqs.com/c/fncls.ssp?u=STQOGRRAPO [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: 987539
End of Announcement EQS News Service
987539 02-March-2020 CET/CEST
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March 02, 2020 12:00 ET (17:00 GMT)
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