Voltalia (Euronext Paris, ISIN code: FR0011995588), an international player in renewable energy, launches the first works for a 148 megawatts solar power plant, just two months after signing the CPPA with Richards Bay Minerals (RBM)
In October 20221Voltalia held a CPPA2 with Richards Bay Minerals (RBM), South Africa’s largest producer of mineral sands and a subsidiary of British-Australian metals and mining group Rio Tinto. The 20-year contract will supply approximately 300 gigawatt hours of renewable energy each year to RBM’s production facility in KwaZulu-Natal. Voltalia announces today the start-up of the first construction works for the Bolobedu solar thermal plant, which include detailed engineering, the purchase of various equipment, land clearance and detailed geotechnical studies.
It will be the largest renewable energy plant in South Africa dedicated to the energy needs of a corporate client. Located in the northeast of the country in the province of Limpopo, the plant will be finished in 2024 and its production will represent a volume equivalent to the annual electricity consumption of 425,000 inhabitants, avoiding the emission of more than 237,000 tons of CO2, which is equivalent to removing approximately 50,000 cars off the road.
This new construction is fully in line with Voltalia’s mission, with a positive impact on both the environment and the local community. Local labor will be used for both construction and operational control of the plant. Voltalia will source goods and services locally as much as possible.
Already operating on its own behalf or on behalf of third parties in African countries such as Zimbabwe, Burundi, Tanzania and Kenya, Voltalia has a strong track record in the region.
“We are very happy to be able to start construction of our largest project in Africa, just two months after signing the CPPA with RBM and thus support it in the decarbonization of their sites. Our commitment to helping our customers overcome the current energy crisis has never been strongr” says Sebastien Clerc, CEO of Voltalia.
The following on the agenda: fourth quarter revenue on January 25, 2022 (after market close)
| About Voltalia (www.voltalia.es) | |
| Voltalia is an international player in the renewable energy sector. The Group produces and sells electricity generated from wind, solar, hydro, biomass and storage facilities that it owns and operates. Voltalia has a generation capacity in operation and under construction of more than 2.6 GW and a portfolio of projects under development that represent a total capacity of 13.6 GW.
Voltalia is also a service provider and supports its investor clients in renewable energy projects in all phases, from design to operation and maintenance. As a pioneer in the corporate market, Voltalia offers 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 more than 1,450 employees and is present in 20 countries on 3 continents and is capable of acting worldwide on behalf of its clients. Voltalia is listed on the Euronext Paris regulated market, 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 of socially responsible mid-cap companies. |
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| Loan Duong, Head of Communications and Investor Relations Email: invest@voltalia.com T. +33 (0)1 81 70 37 00 |
actifin Press contact: Loris Daougabel Email: ldaougabel@actifin.fr . T. +33 (0)1 56 88 11 16 |
1 Press release of October 6, 2022
2 Corporate PPA: Corporate Power Purchase Agreement. A corporate PPA is a long-term contract that directly links the consumer of electricity, a company, with the producer that builds a new renewable energy plant to supply its customer.
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In South Africa, Voltalia builds the Bolobedu solar plant
