VOLTALIA (EPA:VLTSA) In Brazil, sale of 197 MW of ready-to-build projects to Echoenergia, partnership signed for up to 500 MW in total

Transparency directive : regulatory news

11/09/2018 07:30

PRESS RELEASE

September 11, 2018

In Brazil, sale of 197 MW of ready-to-build projects to Echoenergia,
partnership signed for up to 500 MW in total

Voltalia (Euronext Paris, ISIN code: FR0011995588), an international player in
renewable energies, has successfully developed and sold a ready-to-build 197 MW
portfolio of wind farm projects to Echoenergia, a company controlled by Actis
Group. This sale is part of a wider partnership of up to 500 MW regarding a
portfolio of future wind projects located in Voltalia's Serra Branca cluster in
North East Brazil. The sale and the partnership have no impact on
Voltalia-owned projects in Brazil including 433 MW in operation and 223 MW
won in December 2017 and August 2018.

"This 197 MW sale to Echoenergia and the partnership signed for up to 500 MW
demonstrate once again the quality of our Serra Branca cluster. In parallel to
building up our own portfolio of power facilities, in this cluster and in new
wind and solar clusters in Brazil, we will continue to partner with third-party
investors. These investors rely on Voltalia's capacity to develop quality
projects, providing an additional stream of income for our Services business
line. Brazil's market remains very supportive for Voltalia.", says Sébastien
Clerc, CEO of Voltalia Group.

"We are very pleased to announce this partnership with Echoenergia which will
benefit from our team´s development work and return of experience for this
cluster since 2008. Both sides will take advantage of additional economies of
scale for their respective assets, including Voltalia's projects won recently:
the 163 MW Ventos da Serra do Mel (VSM) and the 60 MW VSM2 projects which are
scheduled to be progressively commissioned in the course of 2020", explains
Robert Klein, Head of Voltalia in Brazil.

Over the past years, Voltalia has pursued a strategy consisting in developing a
large volume of highly competitive projects worldwide with the view of keeping
some projects while partnering with equity partners for others. In Brazil,
Voltalia's largest cluster of projects, Serra Branca, has a long-term potential
of nearly 2 GW, of which 309 MW are in operation, 223 MW are to be completed in
2020, and a big volume is fully developed and ready to be submitted to auctions
for long- term power sale agreements or under private electricity sales
contracts.

In this context, Voltalia has signed a partnership with Echoenergia which gives
Echoenergia access to a series of ready- to-build sites within Voltalia's Serra
Branca cluster, up to a maximum of 500 MW (including the 197 MW capacity sold
today). These sites are at an advanced stage of development regarding land
leasing, wind measurement, permitting and grid connection. It is then up to
Echoenergia to secure long-term power sales agreements and to invest in order
to finance construction. Echoenergia has already secured 197 MW of free market
power sales agreements and will actively pursue more sales contracts up to the
500 MW maximum.

Voltalia will generate services revenues from the sale of the site and from
other local services to Echoenergia during construction and operation of its
plants. The partnership is also a way for Voltalia to share the cost of a new
transmission line which will be available to all future Serra Branca
projects.

Voltalia's partner: Echoenergia (https://www.echoenergia.com.br/)

Founded in 2017 by Actis, global investor in growing markets, the company has
already acquired 34 wind farms (including new developments) and it is  one of
the largest wind generators in Brazil.  Currently, Echoenergia has a portfolio
of  700 MW of installed capacity in the Northeastern states of Brazil. The
company also has a series of projects at implementation stage.

Voltalia in Brazil: key figures

Voltalia is a leading player in Brazil with an outstanding track record. The
local team, established in 2006, has developed a portfolio of sizeable projects
owned by Voltalia, including:

* 433 MW currently in operation, located in the Serra Branca cluster (wind), in
  São Miguel do Gostoso (wind) and in Oiapoque (hybrid thermal/solar);
* 231 MW, with power sale agreements already secured, to be built in the
  upcoming years in the Serra Branca cluster (wind) and Oiapoque (hydro to
  complement the hybrid installation);
* Close to 2 GW of projects under development(1), mainly located in the states
  of Rio Grande do Norte, Bahía and Minas Gerais (wind, solar and hydro).

Next on the agenda: H1 2018 results on September 26 2018

About Voltalia (www.voltalia.com)

* Voltalia is an international player in the renewable energy sector. The
  Company produces and sells electricity generated from wind, solar, hydro and
  biomass power plants; it owns a total installed capacity of 524 MW.
* Voltalia is also a service provider, assisting its investor clients active in
  renewables at each project stages, from conception to operation and
  maintenance.
* With more than 460 employees in 18 countries, over 4 continents. Voltalia is
  able to act worldwide on behalf of its clients.
* Voltalia has been listed on the Euronext regulated market in Paris since July
  2014 (FR0011995588 - VLTSA) and is a component stock of the Enternext Tech 40
  index and the CAC Mid&Small index.

Voltalia
Chief Administrative Officer: Marie de Lauzon
Investor relations: invest@voltalia.com
+33 (0)1 81 70 37 00

Actifin
Press contact: J. Jullia
+33 (0)1 56 88 11

(1) As of December 31, 2017; projects developed to be owned or sold

                                                              www.voltalia.com

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VOLTALIA (EPA:VLTSA) In Brazil, sale of 197 MW of ready-to-build projects to Echoenergia, partnership signed for up to 500 MW in total

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