VOLTALIA SA
Voltalia SA
Voltalia commissions France's largest battery storage power plant Voltalia (Euronext Paris ISIN code: FR0011995588), international player in renewable energies, announces the commissioning of the Mana battery storage power plant with a capacity of 10 megawatts / 13.6 megawatt hours. This power plant will reinforce the Toco storage complex. Located in French Guiana, the Toco complex is the largest storage system in France with 12.6 megawatts / 16.5 megawatt hours in operation and 0.5 megawatts / 0.6 megawatt hours under construction.
"With 29 megawatts in operation and under construction in French Guiana (biomass, hydroelectricity, ground and roof-mounted solar power, storage)Voltalia is a key player in the local energy landscape. Its activity also has a structuring effect on the economy, particularly in the biomass sector, which is at the heart of a strategic sector for French Guiana. Our new storage facility makes it possible to take advantage of renewable energies even when climatic conditions do not allow production. In French Guiana, thanks to the drop in the cost of renewable technologies and batteries, it is now possible to avoid burning polluting fossil fuels that are more expensive than renewables. I would like to warmly thank our teams who, despite numerous difficulties due to the sanitary context, have successfully built the largest battery storage system in France" comments Sébastien Clerc, CEO of Voltalia. A second battery storage project in the Toco storage complex, the largest in France After the Savane des Pères[1] power plant, with its 2.6 megawatt / 2.9 megawatt hour battery storage system backing a 3.8 megawatt solar power plant, the Toco complex is expanding with the commissioning of the Mana storage power plant, and its 10 megawatt / 13.6 megawatt hour batteries. Entirely developed by Voltalia, the Toco complex thus becomes the largest battery storage system in operation in France. An additional 0.5 megawatt / 0.6 megawatt hour unit is currently under construction. Thanks to its accumulated expertise and economies of scale, Voltalia plans to continue its strategy of growing the Toco complex with additional units that will be added to the system. The Mana storage facility is named after the municipality in which it is located. The main winner of a call for projects from the French Energy Regulatory Commission (CRE) in 2018, Mana Stockage benefits from 10-year remuneration contracts. This project is supported by the European Regional Development Fund (ERDF).
Why use storage? Battery storage improves the level of predictability and stability of electricity production. In fact, Mana Stockage is composed of two units meeting two goals: - The first one, the Arbitration unit, will be managed by EDF and will charge the batteries during off-peak hours to discharge them during peak hours, when the production cost is higher. - The second one, the Rapid Reserve unit, will be capable of releasing additional power to the grid very quickly. It will ensure continuity of supply in the event of problems on the network and, more generally, it will improve the quality of service.
Next on the agenda: Q4 2020 revenues on January 20, 2021 (after market close)
About Voltalia ( www.voltalia.com) Voltalia is an international player in the renewable energy sector. The Group produces and sells electricity generated from wind, solar, hydraulic, biomass and storage facilities that it owns and operates. Voltalia has generating capacity in operation and under construction of more than 1.3?GW and a portfolio of projects under development representing total capacity of 8.5?GW. Voltalia is also a service provider and supports its investor clients in renewable energy projects during all phases, from design to operation and maintenance. As a pioneer in the corporate market, Voltalia provides 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 994 employees and is present in 20 countries on 4 continents and is able to act worldwide on behalf of its clients. Voltalia is listed on the regulated market of Euronext Paris, 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 for socially responsible midcaps.
[1] Press release dated October 14, 2019 Regulatory filing PDF file File: Version PDF |
| Language: | English |
| Company: | Voltalia SA |
| 84 boulevard de Sébastopol | |
| 75003 Paris | |
| France | |
| E-mail: | invest@voltalia.com |
| Internet: | www.voltalia.com |
| ISIN: | FR0011995588 |
| Euronext Ticker: | VLTSA |
| AMF Category: | Inside information / Other releases |
| EQS News ID: | 1148209 |
| End of Announcement | EQS News Service |
1148209 16-Nov-2020 CET/CEST
