VOLTALIA (EPA:VLTSA) Voltalia starts the construction of its largest wind project in Brazil (163 MW)

Transparency directive : regulatory news

25/06/2018 19:37

PRESS RELEASE

June 25, 2018

Voltalia starts the construction of its largest wind project in Brazil (163 MW)

Voltalia (Euronext Paris, ISIN code: FR0011995588), an international player in
renewable energies, has signed with Siemens-Gamesa a purchase contract for 47
wind turbines. They will be installed at the Ventos da Serra do Mel power plant
in Brazil, a 163 MW project won in December 2017.

"The new wind turbine purchase agreement with Siemens-Gamesa kicks off the
construction phase of our largest project in Brazil. We are planning to
progressively commission the turbines in the course of 2020, up to three years
ahead of the start of the 20-year power sale contracts. This acceleration will
enable us to start selling power on the free market at attractive prices
through short-term contracts before the start of the long-term sale contracts.
Along with the recent developments in Africa, this launch gives us great
visibility on the achievement of our 2020 targets", comments Sébastien Clerc,
CEO of Voltalia.

"The Ventos da Serra do Mel project represents another major investment by
Voltalia in Brazil. It is located in our Serra Branca cluster, which
significant size enables economies of scale and gains in operational
efficiency. We already own over 300 MW in the cluster and we still have more
than 1.5 GW of possible expansions. This site has the potential to become one
of the largest wind energy sites in Latin America." adds Robert Klein, Head of
Voltalia in Brazil.

Six months after winning 155 MW of wind projects during the national auctions
held in Brazil in December 2017(1), Voltalia announces it has signed a turbine
purchase agreement with Siemens-Gamesa, thereby enabling the construction of
the Ventos da Serra do Mel (VSM) wind farm to start.

Since December 2017, Voltalia has optimized the project sizing, bringing its
capacity to 163 MW (+8 MW).

The 47 wind turbines to be installed (3.465 MW each) are the G-132 model made
by Siemens-Gamesa, a global leader in wind turbine construction. After the
successful construction of the Vila Acre power plant last year in Brazil, this
is the second time Siemens-Gamesa is selected by Voltalia.

(1) See press release dated December 21, 2017

This early start of the construction will allow Voltalia to bring forward
completion of the VSM wind farm, with a progressive commissioning of turbines
in the first three quarters of 2020. The Group power plants' anticipated
production is to be sold on the free market, mainly through private short-term
contracts that have already been secured.

The VSM project is another positive development for Voltalia in Brazil's State
of Rio Grande do Norte, a region known for its exceptional wind conditions.

Voltalia in Brazil: key figures

Voltalia is a leading player in Brazil with an outstanding track record. The
local team, established in 2006, has developed a portfolio of sizeable projects
including:

* 433 MW currently in operation, located in the Serra Branca cluster (wind), in
  São Miguel do Gostoso (wind) and in Oiapoque (hybrid thermal/solar);

* 170.4 MW, with power sale agreements already secured, to be built in the
  upcoming years in the Serra Branca cluster (wind) and Oiapoque (hydro to
  complement the hybrid installation);

* Close to 2 GW of projects(2) under development, mainly located in the states
  of Rio Grande do Norte and Bahía (solar and wind).

Next on the agenda: Q2 2018 revenues on July 18th, 2018

About Voltalia (www.voltalia.com)

* Voltalia is an international player in the renewable energy sector. The
  Company produces and sells electricity generated from wind, solar, hydro and
  biomass power plants; it owns a total installed capacity of 519 MW.
* Voltalia is also a service provider, assisting its investor clients active in
  renewables at each project stages, from conception to operation and
  maintenance.
* With more than 460 employees in 18 countries, over 4 continents, Voltalia is
  able to act worldwide on behalf of its clients.
* Voltalia has been listed on the Euronext regulated market in Paris since July
  2014 (FR0011995588 - VLTSA) and is a component stock of the Enternext Tech 40
  index and the CAC Mid&Small index.

Voltalia
Chief Administrative Officer: Marie de Lauzon
Investor relations: invest@voltalia.com
+33 (0)1 44 63 14 40

Actifin
A. Commerot, acommerot@actifin.fr
Press contact : J. Jullia
+33 (0)1 56 88 11 11

(2) Projects developed to be owned or sold

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VOLTALIA (EPA:VLTSA) Voltalia starts the construction of its largest wind project in Brazil (163 MW)

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