Voltalia Achieves 2024 Renewable Capacity Milestone

• Voltalia SA powers up, hitting its 2024 target with 3.3 GW capacity, marking a 14% growth and strong global expansion plans to reach 5 GW by 2027!

French renewable energy producer Voltalia SA has announced that it achieved its 2024 capacity target, reaching a total of 3.3 GW of capacity in operation or under construction. This marks a 14% annual increase, with operational plants boasting 2,514 MW, an increase of 144 MW from the previous year. Voltalia's plants under construction also grew by 262 MW, totaling 742 MW.

CEO Robert Klein emphasized the company's strengthened position as a renewable energy producer across three continents. In 2023, Voltalia signed long-term contracts for 637 MW of global projects, with aspirations to increase its capacity to 5 GW by 2027, including 4.2 GW of commissioned plants.

How is Voltalia expanding its renewable energy capacity and global market presence?

• Strategic Partnerships and Acquisitions: Voltalia is actively pursuing partnerships and acquisitions to bolster its renewable energy portfolio. Collaborations with local firms and governments facilitate entry into new markets and enhance project development capabilities.
• Diversification of Energy Sources: The company is expanding its renewable energy capacity by diversifying its energy generation portfolio. In addition to solar and wind energy, Voltalia is investing in biomass and hydroelectric projects, enabling a more resilient and balanced energy mix.
• Geographical Expansion: Voltalia continues to increase its global footprint by entering emerging markets across different continents. New project developments in regions such as South America, Africa, and Asia are instrumental in expanding their operational reach.
• Investment in Research and Innovation: The company allocates resources toward research and development (R&D) to enhance the efficiency of its renewable energy technologies. Innovations related to energy storage and grid management are also targeted to optimize operations and capacity utilization.
• Focus on Sustainability and Environment: Voltalia is committed to sustainable practices throughout its operations. Initiatives aimed at minimizing the environmental impact of projects and maximizing the socio-economic benefits for local communities are central to their business strategy.
• Government Contracts and Incentives: The company benefits from stable revenue streams through long-term power purchase agreements (PPAs) and government incentives that support renewable energy development. These financial agreements provide assurance for future growth and scalability.
• Capacity Enhancement Goals: With the ambitious target of achieving 5 GW of total capacity by 2027, Voltalia is focused on fast-tracking the development of existing projects and planning new installations to meet future energy demand.
• Operational Efficiency Improvements: The company continues to implement advanced technologies and practices in its operational processes, focusing on achieving higher efficiency rates in energy production while reducing operational costs.
• Community Engagement and Development Programs: Voltalia invests in local communities by creating job opportunities and implementing development programs that support education, health, and infrastructure, which enhances its brand reputation and strengthens community ties.
• Global Industry Leadership: As part of its strategy to solidify its position as a leader in the renewable energy sector, Voltalia participates in international forums and industry conferences, sharing insights on advancements and best practices, and advocating for favorable regulatory frameworks.
• Financial Growth and Investments: Voltalia is attracting funds from diverse investors, including green bonds and sustainability-focused investment portfolios, aimed at financing its renewable energy projects and supporting its expansion plans globally.