Voltalia's electricity manufacturing reaches new high as installed solar capacity leaps 25%.

Feb 1, 2022 11:03 AM ET
  • French renewables developer as well as power manufacturer Voltalia saw its annual power production get to a record high last year, with the business increased by a 25% increase in mounted solar capacity.
Voltalia's electricity manufacturing reaches new high as installed solar capacity leaps 25%.
Image: IRENA

Annual power manufacturing in 2021 was 4.1 TWh, a 51% increase year-on-year, as the company's installed solar capacity leapt to 304MW thanks to additions in markets such as the UK, Portugal, France, Italy and also Brazil as well as the development of its Helexia subsidiary.

Voltalia's 2021 profits was up 77% year-on-year to EUR412 million (US$ 460 million), driven additionally by an increasing of profits in its services organization, which includes renewables growth, construction, purchase as well as procedures and maintenance. Group normalised EBITDA was up 68% to EUR170 million.

" With a record year in 2021 for its energy sales as well as for each and every of its services sections, Voltalia is taking one more step in its growth trajectory," claimed CEO Sébastien Clerc.

In the UK, the company started building and construction last year on the 50MW South Farm solar project, which will provide electricity to the City of London Corporation. It has actually given that appointed the 32MW/ 32MWh Hallen Battery Energy Storage Scheme near Bristol, offering frequency management, balancing as well as various other secondary solutions.

Revenue development in France was strengthened by the commissioning of two solar PV plants: the 3MW Cabanon agrivoltaic center and the 5MW Laspeyres project, created at a previous stone quarry.

With 1.7 GW of renewables in operation or unfinished as of December 2021-- a 34% increase on completion of 2020-- Voltalia claimed it gets on track to achieve its target of having 2.6 GW in operation or unfinished by year-end 2023.

Its set up solar portfolio is readied to grow dramatically with the conclusion of the SSM1 & 2 plants, currently under construction in the Brazilian state of Rio Grande do Norte. Backed by power acquisition arrangements with offtakers consisting of petrochemical business Braskem and also utility Copel, the projects have actually an incorporated capacity of 320MW and result from be appointed in the initial fifty percent of this year.

Voltalia claimed the ramp-up of its mounted capacity must allow it to attain normalised EBITDA in the range of EUR275-- 300 million by 2023.

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