DJ Voltalia signs a power sale contract with Brazilian utilities Copel for a new 260-megawatt solar plant
Voltalia SA
Voltalia signs a power sale contract with Brazilian utilities Copel for a
new 260-megawatt solar plant
09-Sep-2020 / 18:25 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, has signed a long-term power sale contract with
Copel, a Brazilian utilities company. The new 260-megawatt solar plant will
be located in Voltalia's Brazilian cluster of Serra Branca in the state of
Rio Grande do Norte, the world's largest wind-and-solar site.
"Thanks to this contract Voltalia reaches 1.9 gigawatts of projects
developed successfully in our Serra Branca cluster. This new success
highlights the quality of our wind-and-solar cluster which attracts local
utilities as well as international companies who want to source clean
energy. With 0.5 gigawatt of further potential in Serra Branca and the
development of our new 1-gigawatt Canudos cluster, together with other
smaller sites, we are a leading renewable power producer in Brazil. I am
very proud of the Voltalia teams and thank them for their engagement,
especially in the present context" comments Sébastien Clerc, Chief Executive
Officer of Voltalia.
Voltalia will build a 260-megawatt solar plant (SSM 3 to 6) and provide
Copel with electricity through a 14-year contract, starting 2023. The SSM 3
to 6 projects are expected to be commissioned in the first half of 2022
ahead of the start of the long-term power sales agreements, with anticipated
production sold under a short-term contract already secured with Copel.
Some of the construction works should take place at the same time as the SSM
1&2 solar farm. By pooling resources for SSM 1 to 6 Voltalia will achieve
significant economies of scale at all stages, with ultimately the same O&M
team servicing both solar plants.
A solid partner, well-known to Voltalia
Copel is one of Brazil's leading utilities, serving 4.7 million customer
units in 395 municipalities and 1,113 localities (districts, villas and
villages). A long-term partner of Voltalia's, with a minority stake in
Voltalia's SMG wind farm (108 megawatts) since 2015, Copel was more recently
one of the buyers behind the 238 megawatts contract signed for the SSM1&2
solar farms[1]. Copel is listed in São Paulo, New York and Madrid and its
main shareholder is the State of Paraná.
Solar, a competitive source of energy
Solar now represents 0.5 gigawatt in Voltalia's 2.4 gigawatts Serra Branca
site, the world's biggest wind-and-solar cluster. The two sources of power
are complementary since wind is blowing mainly during the night at Serra
Branca.
This new contract demonstrates the attractiveness and competitiveness of
solar which cost has gone down considerably: -82% between 2010 and 2019
(source IRENA).
As of today, solar energy represents 20% of Voltalia's total installed
capacity. The Company intends to further grow this technology in its 3 main
regions, with an additional 1 gigawatt of solar capacity already signed.
Next on the agenda: H1 2020 results on September 24, 2020 (before maket
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 1.3 GW
and a portfolio of projects under development representing total capacity of
7.8 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] Press release dated March 2, 2020
Regulatory filing PDF file
File: pdf-VEN [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: 1129545
End of Announcement EQS News Service
1129545 09-Sep-2020 CET/CEST
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(END) Dow Jones Newswires
September 09, 2020 12:25 ET (16:25 GMT)
