Voltalia reported a 10% increase in revenue for 2024, reaching €546.6 million from €495.2 million in 2023. The growth came mainly from a 20% rise in energy sales, driven by higher output and inflation-linked contracts. Despite this, Voltalia posted a net loss of €20.9 million, impacted by curtailment issues in Brazil and reduced solar panel inventory value.
The company’s operating capacity rose by 6% to 2,514 MW, while total capacity (operational + under construction) increased 14% to 3,256 MW. It generated 4.7 TWh of electricity, up 9% year-on-year. Voltalia holds €8.1 billion in future contracted sales, with an average contract duration of 16.4 years. For 2025, it targets a 10% growth in capacityto around 3.6 GW and a 10% increase in power production to 5.2 TWh.
“Voltalia had a resilient start to the year with a slight increase in revenue of +2% to 113 million euros. The solid performance of Services offset the temporary decline in Energy Sales. In this segment, our teams remain fully mobilized to achieve our operational objectives, i.e. 3.6 gigawatts in operation and construction and 5.2 terawatt hours of production. In addition, the diagnostic phase of the SPRING transformation plan is underway and should be completed, as planned, in June. In a rapidly evolving renewable energy sector, we are fully mobilized to improve our sustainable profitability while strengthening the company’s operational agility, in order to fully seize the opportunities that lie ahead,” commented Robert Klein, Chief Executive Officer of Voltalia.
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