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Voltalia an international player in renewable energies, reaches 1,015 of installed capacity at end 2020,overpassing its 1-gigawatt target set in 2016.
Added to the capacity already in operation these new installations bring the total installed capacity to 1,015 megawatts, toping the 1-gigawatt target set for December 2020. This target is achieved while diversifying Voltalia’s portfolio.
Between the announcement and the achievement of this 1-gigawatt target, Voltalia’s capacity has more than doubled and is more diverse. Voltalia was recognized as a successful developer of wind projects, with a particularly strong track record in Brazil where this technology offered unmatched competitiveness. Voltalia is now also highly recognized for its capacity to develop solar projects, notably in Europe and Africa. This strategic addition was supported by the sharp drop in solar construction and maintenance costs, making it competitive in many countries. Voltalia-owned solar capacity has been multiplied by more than 14 to represent 23% of its installed based as of today. Other technologies were not left behind: between 2016 and 2020, Voltalia has grown in hydro, by building a new power plant in France, and deployed its biomass footprint in French Guiana, where plentiful wood resources makes biomass sustainable. Finally, Voltalia has also established a successful storage activity, by building Toco, the biggest battery storage complex currently in operation in France.
The growth in solar came along with geographic diversification. When Voltalia set its 1-gigawatt objective, Brazil represented 84% of its installed capacity and Europe (mainly France) 16%. Since then, while Brazil was expanding, other countries grew even faster. Today Brazil is 67% of the installed base, Europe 24% and Voltalia has also grown around its Egyptian hub, which represents 9% of the installed capacity. While Brazil is and will remain a major contributor to Voltalia’s growth, Europe and Africa will clearly continue to
enjoy the highest growth rates. Voltalia is in the good track to rebalance its portfolio by 2023, when Brazil should represent 50% of its installed capacity