AI assistant
Voltalia SA — Capital/Financing Update 2016
Sep 28, 2016
1759_iss_2016-09-28_5a5371de-7450-401d-9a9e-1379a1406f47.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
Press release September 28, 2016
Sale of a solar plant
Generation of a € 5 million pre-tax profit for FY 2016 Securing a 16-year operation & maintenance contract
Voltalia (Euronext Paris, ISIN code: FR0011995588), an international renewable energy player, announces the sale of its 100% stake in a French solar plant to a financial investor.
Located in the French Provence-Alpes-Côtes d'Azur region, the solar plant, with a capacity of about 3 MW, has been developed, built and commissioned by Voltalia. With 9,360 photovoltaic panels, the plant provides the equivalent of the annual power consumption of about 1,400 households1 .
The disposal of this solar asset to an international financial investor, which is an existing client of Martifer Solar, reflects Voltalia's ability to value its assets and its development skills while rolling-out its services activity for third-party clients. Indeed, the Group will remain in charge of the operation and maintenance of the plant, for which it has secured a 16-year long operation & maintenance contract.
Beyond the operation & maintenance contract, this asset disposal will have a very positive impact on the second half-year results. It will generate a pre-tax income of at least 5 million euros.
Next on the agenda: Q3 2016 revenue, 17 November 2016 (post-trading)
About Voltalia (www.voltalia.com)
- Voltalia is an international player in renewable energies, and a multi-source electricity producer (wind, solar, hydropower and biomass) with an installed capacity of 451 MW, and provides services to third party customers.
- Voltalia is established in 17 countries on 4 continents and has a global capacity that is at the service of its clients.
- Voltalia is listed on the Euronext regulated market in Paris since July 2014 (FR0011995588 VLTSA).
Actifin
Investor Relations: A. Commerot, [email protected] Media Relations: J. Jullia, [email protected] Tel: +33 (0)1 56 88 11 11
Voltalia General Secretary: Marie de Lauzon E-mail: [email protected] Tel: +33 (0)1 44 63 14 40
1 Considering the INSEE figures, in which a French household is equal to 2.2 people; considering the calculation methods of the ADEME used for the annual power consumption of one household.