VOLTALIA (EPA:VLTSA) Voltalia wins a new biomass project in French Guiana.

Transparency directive : regulatory news

21/04/2017 18:21

Press release
April 21, 2017

             Voltalia wins a new biomass project in French Guiana

Voltalia (Euronext Paris, ISIN code: FR0011995588), an international renewable
energy company, announces today that it has obtained a tariff for a 5.1 MW
biomass plant in French Guiana.

Located near the village of Cacao in the municipality of Roura, the 5.1 MW
power plant will generate electricity by burning wood from logging operations
or from sawmills and will benefit from a private contract with a guaranteed
price over a period of 25 years. The plant could be commissioned at the end of
2019.

A positive project for both the environment and the French Guianese economy

The power plant project contributes directly to the achievement of French
Guiana's official objectives for energy production ("Programmation
pluriannuelle de l'énergie", PPE): the Cacao biomass plant would be one of the
first two achievements towards those objectives.

In addition, this project should foster a significant growth of the local wood
industry, which is a strategic issue for the French Guianese economy. The Cacao
plant will be provided with a supply consisting mainly of wood waste from
forestry operations managed by the National Forestry Office (ONF), but also
from wood chips from neighbouring sawmills.

Voltalia will leverage the experience acquired with its existing biomass plant
in Kourou to train young technicians who will operate the future Cacao plant.
This new project is expected to create a total of about 40 direct and indirect
jobs.

Stronger local roots

Voltalia has strong local roots and is a true partner of the region. Today, the
Group is the first private operator in French Guiana with one biomass plant,
one hydroelectric plant and two solar plants with a total operating capacity
of 11.6 MW. One more site will be added with the Savane des Pères solar plant
(4 MW) with storage (2 MW), won at the June 2016 tender and scheduled to be
commissioned by June 2019.

Voltalia's local teams in French Guiana are also working on the development of
other biomass, hydro and solar projects as well as a hydro project in an
isolated site, a strong expertise developed by the Group.

"French Guiana really matters to us as it is our cradle: Voltalia, now present
in 15 countries, was founded in French Guiana in 2005. We have a top-notch
local team there, motivated to develop new projects improving both the
environment and the local economy", says Sébastien Clerc, CEO of Voltalia.

Next on the agenda: Q1 2017 revenues, on April 26, 2017 (post trading)

About Voltalia (www.voltalia.com)

* Voltalia is an international renewable energies company producing electricity
  from many sources (wind and solar power, hydropower and biomass, with an
  installed capacity of 481 MW as of 12/31/2016). It also provides services to
  independent customers.
* Voltalia is established in 15 countries on 4 continents and has a global
  capacity that is at the service of its clients.
* Voltalia has been listed on the Euronext regulated market in Paris since July
  2014 (FR0011995588 - VLTSA).

Actifin
Investor Relations: A. Commerot, acommerot@actifin.fr
Media Relations: J. Jullia,
Tel.: +33 (0)1 56 88 11 11

Voltalia
Chief Administrative Officer: Marie de Lauzon
Email: invest@voltalia.com
Tel.: +33 (0)1 44 63 14 40

VOLTALIA's latest news

14/05/2024 19:56

VOLTALIA (EPA:VLTSA) Voltalia wins a new biomass project in French Guiana.

Transparency directive : regulatory news

VOLTALIA's latest news

Other stories