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Voltalia And STOA Enter Into Exclusive Negotiations Sale Of Minority Stakes In Two Wind Farms

Power News - Published on Mon, 24 Jun 2019

Image Source: Utilities Middle East
STOA, an investment fund specialized in infrastructure projects in developing and emerging countries, and Voltalia (Euronext Paris, ISIN code: FR0011995588), an international player in renewable energies, enter into exclusive negotiations for Voltalia to sell 35% of the VSM 1 (163 MW) and VSM 2 (128 MW) wind farms to STOA in Brazil.

Mr Charles-Henri Malécot, CEO of STOA said that "By choosing Voltalia as a partner for setting up in Latin America, we want to benefit from 13 years of know-how in managing construction, operation and maintenance of wind farms in Brazil. Brazil is a market were renewable energy is, by far, the cheapest source of electricity. This represents a huge pool of opportunities. Through this partnership, we will be able to enter into this market with significant and performant assets for long-term value creation for all stakeholders. This success also confirms our capacity to originate and execute deals on a global scale.”

Mr Sébastien Clerc, CEO of Voltalia said that "Welcoming STOA, a top-tier French investment player, as one of our long-term partners is a very pleasant perspective. This project of partnership opens even larger growth prospects for Voltalia in Brazil while creating value: it is a good illustration of our strategy aiming at developing a large volume of competitive projects with the idea of onboarding third-party investors, through partnerships or sales.”

The VSM 1 (163 MW) and VSM 2 (128 MW) wind farms, currently under construction, are integral part of Voltalia's Serra Branca cluster in the Brazilian state of Rio Grande do Norte.

Featuring excellent wind conditions and entirely developed by Voltalia's teams, the Serra Branca cluster is the largest in Latin America. Its total potential is greater than 2.4 GW, of which 873 MW are currently either in operation or in construction: 600 MW owned by the Group and 273 MW by Echoenergia, a subsidiary of international investor Actis. Rapid expansion of the Serra Branca cluster is facilitated by the power transmission lines developed, built and owned by Voltalia which are used to connect the cluster to the Brazilian national grid.

The 100% sale of ready-to-build projects by Voltalia (as for Echoenergia-Actis) or the sale of minority stakes to investors (as for STOA) are part of Voltalia's services strategy to develop large volumes of very competitive projects, in order to keep some while selling others to financial partners or utilities. To date, Voltalia has developed and sold a total of 1,4 GW around the world, in addition to the 1GW portfolio developed and kept by the Group.

Source :

Posted By : Ratan Singh on Mon, 24 Jun 2019
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