In Albania, Voltalia launches the development of the

Voltalia (Euronext Paris, ISIN code: FR0011995588), a world participant in renewable energies, launches the development of the Karavasta website, a 140megawatt photovoltaic plant

The groundbreaking ceremony for the Karavasta Photo voltaic website in Albania will happen this morning within the presence of the Prime Minister, Mr. Edi Rama, the Minister of Vitality and Infrastructure, Mrs. Belinda Balluku, and the French Ambassador to Tirana, Mrs. Elisabeth Barsacq.

Voltalia has received a 30-year concession for the Karavasta photovoltaic energy plant in 2020. The 140-megawatt challenge was awarded to Voltalia by choice of the Albanian Council of Ministers on January 21, 2020, following the aggressive bidding course of launched by the Ministry of Infrastructure and Vitality with the assist of the European Financial institution for Reconstruction and Growth – EBRD. In line with the phrases of the tender, Karavasta will promote 50% of the electrical energy via a 15-year gross sales contract to the Albanian public operator, whereas the remaining manufacturing shall be offered via long-term contracts to personal operators. The plant is predicted to be commissioned within the second half of 2023.

The plant will cowl the annual electrical energy consumption of 220,000 inhabitants, twice the consumption of Albanian cities corresponding to Vlora or Kamza. It should keep away from the emission of greater than 96,500 tons of CO2 per yr, the equal of 9.5% of the emissions from the economic sector in Albania.

We’re significantly proud to assist the Albanian vitality transition. By its dimension, the Karavasta challenge is a significant ingredient of this coverage aimed toward growing the nation’s vitality independence via an economically aggressive and environmentally environment friendly vitality. I want to thank all our groups in Albania and Europe who’re supporting this challenge,” stated Sébastien Clerc, CEO of Voltalia.

Voltalia in Albania

Voltalia has been current in Albania since 2018 via turnkey building contracts for third-party prospects for 3 photovoltaic energy vegetation (7.5 megawatts) positioned 10 kilometers from the long run Karavasta plant.

In Could 2021, Voltalia received a second photo voltaic challenge, known as Spitalla, with a capability of 100 megawatts in Albania, within the Dürres area on the Adriatic coast. Voltalia, as for Karavasta, would be the developer, builder and operator of the challenge.

For Spitalla, the general public operator will obtain 70% of the electrical energy over a interval of 15 years. The remainder of the vitality shall be offered below long-term contracts at a market worth. Commissioning is scheduled for 2024.

Albania, which has rising vitality wants and an already absolutely renewable vitality combine, continues to diversify its renewable energies, specializing in photo voltaic and wind energy. These initiatives are additional illustrations of the competitiveness of renewable vitality within the area.

Subsequent on the agenda: Q2 2022 revenues on July 20, 2022 (after market closing)

About Voltalia (www.voltalia.com)
Voltalia is a world participant within the renewable vitality sector. The Group produces and sells electrical energy generated from wind, photo voltaic, hydraulic, biomass and storage amenities that it owns and operates. Voltalia has producing capability in operation and below building of greater than 2 GW and a portfolio of initiatives below improvement representing complete capability of 11.1 GW.

Voltalia can also be a service supplier and helps its investor purchasers in renewable vitality initiatives throughout all phases, from design to operation and upkeep.

As a pioneer within the company market, Voltalia supplies a worldwide supply to personal firms, starting from the provision of inexperienced electrical energy and vitality effectivity providers to the native manufacturing of their very own electrical energy.

The Group has greater than 1,300 staff and is current in 20 international locations on 3 continents and is ready to act worldwide on behalf of its purchasers.

Voltalia is listed on the regulated market of Euronext Paris, compartment B (FR0011995588 – VLTSA) and is a part of the Enternext Tech 40 and CAC Mid & Small indices. The Group can also be included within the Gaïa-Index, an index for socially accountable midcaps.

Mortgage Duong, Head of Communications & Investor relations
Electronic mail: make [email protected]
T. +33 (0)1 81 70 37 00
Actifin
Press Contact: Jennifer Jullia
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  • In Albania, Voltalia launches the development of the Karavasta challenge, the most important solar energy plant within the Western Balkans