January 27 (Renewables Now) – Renewable energy crops operator Voltalia SA (EPA:VLTSA) booked a 37% year-on-year rise in 2020 consolidated revenues, and by 57% at fixed forex, giving it a stable foundation to reiterate its brief and medium-term targets.
The French firm launched its revenues for the previous yr, highlighting that the fourth quarter was its greatest thus far, even with the coronavirus dirsuptions.
“Many milestones had been handed this yr: our put in capability now exceeds 1 GW, our capability underneath administration stands at 3.Four GW. And additional progress is secured with 1 GW of latest energy buy agreements received throughout the yr. This “very robust” progress has been accompanied with a diversification of our exercise each geographically and technologically,” stated CEO Sebastien Clerc.
Trying forward, Voltalia stored unchanged its brief and mid-term monetary forecasts, in addition to capability ambitions. Particulars are given within the desk.
| 2020 | 2021 | 2022 | |
| Capability | 1 GW | — | 2.6 GW in operation or building |
| EBITDA (EUR) | round 100 million | round 170 million | 275-300 million |
Voltalia closed 2020 with consolidated revenues of EUR 239.6 million (USD 291.2m), up from EUR 175.5 million a yr again. Power gross sales improved by 21% on the yr to EUR 157.5 million, whereas companies revenues gained 1% to EUR 146.Four million.
The upper vitality gross sales had been primarily pushed by new capability additions and a respective improve in energy output, which largely offset the weak wind circumstances throughout the first half of 2020, in addition to delays in undertaking commissioning because of the COVID-19 disaster.
The desk beneath provides extra details about the corporate’s revenues.
| In EUR million | This autumn 2020 | This autumn 2019 | Change | Change at fixed forex | 2020 | 2021 | Change | Change at fixed forex |
| Consolidated revenues | 89.6 | 62.5 | +43% | +65% | 239.6 | 175.5 | +37% | +57% |
| — Power | 50.0 | 46.6 | +7% | +35% | 157.5 | 130.5 | +21% | +46% |
| — Providers | 60.5 | 35.3 | +71% | +75% | 146.4 | 144.3 | +1% | +5% |
| Manufacturing (in GWh) | 968 | 715 | +35% | +35% | 2,756 | 2,117 | +30% | +30% |
Voltalia’s put in capability at end-December amounted to 1,015 MW, up from 678 MW a yr earlier than. Of this complete, 681.5 MW is situated in Brazil and 162.Four MW in France. Its wind, photo voltaic, hydro and biomass energy crops generated 2,756 GWh of electrical energy prior to now yr.
(EUR 1.0 = USD 1.215)
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