DJ Voltalia SA: STOA takes a 33% equity stake in Voltalia's VSM 3 wind plant
Voltalia SA
Voltalia SA: STOA takes a 33% equity stake in Voltalia's VSM 3 wind plant
01-Oct-2020 / 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.
STOA takes a 33% equity stake in Voltalia's VSM 3 wind plant
STOA, an investment fund specialized in infrastructure projects in
developing and emerging countries, and Voltalia (Euronext Paris, ISIN code:
FR0011995588), an international player in renewable energies, announce today
that STOA is acquiring a 33% equity stake in Ventos Serra do Mel III (VSM
3), Voltalia's 152 megawatts greenfield wind farm, located in Rio Grande do
Norte.
This transaction is the outcome of very positive discussions initiated in
June 2019 with STOA and is another confirmation of the attractiveness of
Voltalia's assets in the Serra Branca wind-and-solar cluster, the world's
largest. It also highlights Voltalia's value creation strategy centered
around the development of renewable assets. For this new wind plant,
currently under construction, Voltalia has secured a 20-year power sale
contract with CEMIG, a Brazilian public utility.
STOA is a top-tier French investment player specialized in infrastructure
projects in developing and emerging countries. This first project for STOA
in Latin America follows previous investments closed in countries including
South Africa, Cameroon, Gabon, Malawi, Pakistan and India, for a total
commitment of &euro232 million in less than three years. From STOA's CEO
perspective, Charles-Henri Malécot, "this partnership with Voltalia
contributes to the portfolio's geographical diversification beyond the
priority given to Africa and establishes STOA as a long-term investor in
Latin America. After a hydroelectric project in Cameroon and a wind farm
platform in India, both currently under construction, the VSM 3 wind farm
project reinforces STOA's durable commitment for renewable energy projects
in emerging countries."
"This success confirms our capacity to originate and execute deals closely
to the ground, thanks to team members and advisors well acquainted with the
Brazilian market specificities", commented Marie-Laure Mazaud, Deputy CEO of
STOA.
"We are very pleased to welcome STOA, a top-tier French investment player,
as one of our long-term partners. This partnership is a good illustration of
our strategy which aims at developing a large volume of competitive projects
with the idea of onboarding third-party investors, through long-term
partnerships or sales", commented Sébastien Clerc, CEO of Voltalia.
The new VSM 3 wind farm will be equipped with 3.5 MW Siemens Gamesa
turbines. DoisA will provide services related to civil works, and SETA and
WEG will work on the electrical balance of plant. The first wind turbines
are expected to be completed during Q4 2020 with full operation to be
reached in Q2 2021. The expected climate benefits are very significant -
around 90,000 tons of equivalent CO2 avoided per year. Following the closing
of the transaction, the plant is 57% owned by Voltalia, 33% by STOA, and the
remaining 10% by a local partner.
About STOA
STOA is a joint stock company (société anonyme) with an initial share
capital of &euro240 million, 83.3% owned by Caisse des Dépôts ("CDC") and
16.7% owned by Agence Française de Développement ("AFD"), the object of
which is to invest up to &euro600 million in equity and quasi equity in the
infrastructure and power sectors of developing and emerging countries. STOA
benefits from the complementary support and expertise of its two
shareholders. Caisse des Dépôts is a public long-term investor serving the
general interest and economic development of local areas; AFD is the French
Public Development Bank which commits to financing projects in key
transition sectors in developing and emerging countries. In the context of
their joint strategy, these two institutions are fully committed to play a
key role in the four major transitions, the energy/environmental, digital,
territorial and demographic transitions.
Press contact STOA
Anne Vallé
secretariat.stoa@stoainfraenergy.com
+33 (0)1 58 50 13 71
About Voltalia (www.voltalia.com)
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
8.5 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 994 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 Press Contact Actifin
Investor Relations: invest@voltalia.com jjullia@actifin.fr
+33 (0)1 81 70 37 00 +33 (0)1 56 88 11 11
Regulatory filing PDF file
File: PDF version [1]
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: 1138094
End of Announcement EQS News Service
1138094 01-Oct-2020 CET/CEST
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October 01, 2020 01:30 ET (05:30 GMT)
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