Voltalia sells 3 MW solar project

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Voltalia sells 3 MW solar project

Voltalia, an international renewable energy player, has announced the sale of its 100% stake in a French solar plant to a financial investor.

Located in the French Provence-Alpes-Côtes d’Azur region, the solar plant, with a capacity of about 3 MW, has been developed, built and commissioned by Voltalia. With 9,360 photovoltaic panels, the plant provides the equivalent of the annual power consumption of about 1,400 households.

The disposal of this solar asset to an international financial investor, which is an existing client of Martifer Solar, reflects Voltalia’s ability to value its assets and its development skills while rolling-out its services activity for third-party clients. Indeed, the group will remain in charge of the operation and maintenance of the plant, for which it has secured a 16-year long operation and maintenance contract.

Beyond the operation and maintenance contract, this asset disposal will have a very positive impact on the second half-year results. It will generate a pre-tax income of at least €5 million (US$5.6 million).

List of country news

Country news

  • October 10, 2016

    NORD/LB finances solar rooftop projects in France

    NORD/LB Norddeutsche Landesbank has financed further solar rooftop projects in France and, in the course of this, has continued to collaborate with Danish fund manager OBTON A/S. The total financing volume for the three projects closed in 2016 together with OBTON amounts to €48 million (US$57.7 million). Read more
  • September 30, 2016

    JLEN acquires 4 MW Energie Eolienne de Plouguernevel wind farm in Brittany

    JLEN has announced that it has entered into an agreement with Energiequelle GmbH to acquire 100% of the Energie Eolienne de Plouguernevel wind farm. Read more
  • September 22, 2016

    Maxim Power Corp. enters agreement to sell Comax France S.A.S.

    Maxim Power Corp. has entered into an agreement to sell 100% of its ownership interest in Comax France S.A.S. and its parent, Maxim Power Europe B.V., to Vine Luxembourg SARL, an affiliate of Basalt Infrastructure Partners LP. Read more
  • September 20, 2016

    Boralex acquires a portfolio of wind power projects of about 200 MW in France and in Scotland

    Boralex has announced the completion of the acquisition of a 200 MW wind portfolio located in France and in Scotland as well as about 8,500 hectares of land on which the projects will be developed, for a total cash consideration of CAD103 million (US$78 million). Read more
  • September 19, 2016

    AREVA exercises the option to sell its share in Adwen to Gamesa

    Following a 3-month competitive bidding process aimed at obtaining and assessing offers from potential third-party investors, the Board of Directors of AREVA S.A. decided to authorize AREVA’s Executive Management to exercise the option to sell its shares in Adwen to Gamesa. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.