October 22 (Renewables Now) – French renewable energy crops operator Voltalia SA (EPA:VLTSA) posted elevated third-quarter revenues amid rising vitality gross sales, and confirmed its EBITDA steerage for 2020.
The corporate stated on Wednesday its vitality gross sales in July-September rose by 20% on the 12 months to EUR 45.Four million (USD 53.8m), pushing its complete consolidated income for the interval to EUR 61.6 million.
“The Q3 2020 efficiency is the consequence of Power gross sales development pushed by the rise of our put in capability which can positively affect our revenues and profitability for the subsequent 20 years. Providers revenues barely beat Q3 2019’s file excessive degree,” stated CEO Sebastien Clerc. He added that Voltalia has secured 922 MW of long-term off-take contracts to this point this 12 months.
The desk under provides extra details about the corporate’s revenues.
|In EUR million||Q3 2020||Q3 2019||Change||Change at fixed foreign money||9mo 2020||9mo 2019||Change||Change at fixed foreign money|
|Manufacturing (in GWh)||873||646||+35%||+35%||1,788||1,403||+28%||+28%|
The providers enterprise encompasses the event, development and procurement, in addition to operation and upkeep (O&M) of energy crops.
The upper vitality gross sales within the three months had been pushed by a 35% enhance in energy manufacturing as in comparison with the third quarter of 2019. Photo voltaic technology elevated within the UK, Belgium, Portugal, Spain, Italy, Greece and Egypt, and wind was up in Brazil. Whereas a slight drop was skilled within the French wind market, new photo voltaic and hydropower crops managed to compensate for the decreased technology.
Voltalia had 860 MW of put in capability on the finish of September, 631 MW of which in Brazil. The corporate’s wind, photo voltaic, hydro and biomass energy crops generated 873 GWh of electrical energy within the third quarter, up 35% from a 12 months in the past.
Wanting forward, the French agency reiterated its quick and mid-term monetary forecasts, in addition to capability ambitions. Extra particulars will be seen within the desk.
|Capability in operation||1 GW||—||2.6 GW in operation or development|
|EBITDA (EUR)||round 100 million||round 170 million||275-300 million|
(EUR 1.0 = USD 1.185)