DJ Voltalia buys a controlling stake in 4 solar plants in Jordan, leveraging its local experience since 2015 as service provider
Voltalia SA
Voltalia buys a controlling stake in 4 solar plants in Jordan, leveraging
its local experience since 2015 as service provider
05-Nov-2020 / 07:15 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 share purchase agreement to acquire a
70% controlling stake in a portfolio of four solar plants (57 megawatts) in
Jordan built, maintained and partially developed by Voltalia since 2015.
Supported by the recent development of its solar hub in Egypt and long-term
local presence as a Service provider, Voltalia becomes a power producer in
the growing Jordan market. Energy demand in Jordan is expected to grow
steeply, with an estimated 2.5 gigawatt increase of installed capacity over
2017-2025 thanks to the competitiveness of photovoltaic power.
The portfolio bought by Voltalia includes three 11 megawatt-plants located
in Ma'an and a 24 megawatt-plant located in Mafraq, for a total of 57
megawatts. Voltalia knows these solar plants perfectly well as a Service
provider: it was involved in their development and has been fully in charge
of their construction in 2015 and their maintenance since their
commissioning in 2016.
Their owner naturally turned to Voltalia to divest the plants, given
Voltalia's historic presence, knowledge of the assets, and long-term
historic ties with the IFC[1], member of the World Bank Group, which is the
main funder of the four plants.
The solar plants benefit from a 20-year public-utility PPA signed in 2016.
Revenues are dollarized and guaranteed by the Government of Jordan for the
full duration of the PPA.
"Thanks to our strong position in Jordan and Egypt, and given our central
role of one-stop-shop Service provider to these solar assets, we have been
able to seize an opportunity in line with our strategy to further diversify
energy sources and geographies" comments Sébastien Clerc, Chief Executive
Officer of Voltalia.
As of today, solar energy represents 20% of Voltalia's total installed
capacity. With 1 gigawatt of additional solar capacity signed since June
2019, Voltalia intends to further grow this technology in its 3 main
regions.
Next on the agenda: Q4 2020 revenues January 20, 2021
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
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 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] International Finance Corporation
Regulatory filing PDF file
File: pdf-veng [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: 1145591
End of Announcement EQS News Service
1145591 05-Nov-2020 CET/CEST
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November 05, 2020 01:15 ET (06:15 GMT)
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