Voltalia: Another 60MW project awarded in Brazil further securing the 1GW capacity target for 2020
Voltalia: (BUY, Fair Value EUR12,5 (+26%))Another 60MW project awarded in Brazil further securing the 1GW capacity target for 2020
A few months after having been awarded 163MW in wind capacities in Brazil, Voltalia announced this morning that it has been awarded another 60MW wind project in the country with commissioning of the project expected for H2 2020. This new project further secures the company’s 1GW installed capacity target for 2020 while confirming the relevance of the company’s strategy in Brazil across its Serra Branca cluster (around 2GW potential). Buy recommendation confirmed this morning.
Voltalia. Voltalia SA is a France-based holding company engaged in the renewable utilities sector. It designs, develops and operates electric power stations in numerous countries, such as France, French Guyana, Brazil, Greece and Morocco. The Company generates electricity using a variety of renewable energy sources. These include wind, water, biomass and solar power. In addition, Voltalia SA specializes in carbon credit trading activities. The Company operates several subsidiaries, including Anelia and Bio-Bar in France, Voltalia Guyane, SIG Kourou, SIG Mana and SIG Cacao in French Guyana, Voltalia Energia do Brasil in Brazil, Thegero in Greece and Alterrya Maroc in Morocco, among others. The Company is owned by Voltalia Investissement SA.
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