Voltalia signs its first 50MW power plant sale contract in Kenya

Voltalia an international player in renewable energies announces it has signed a power sale contract for a 50MW solar power plant in Kenya.

The 50 MW solar power plant project is located in Kopere (Nandi county), about 300 km North-West of Nairobi. Initiated by Martifer Solar, the development of the project has been finalized by joint teams. Voltalia will leverage the expertise of its teams based in Portugal for both the construction and operation of the plant.

“This new project confirms our ambitions in Africa, a sun rich continent where a significant part of the population still has no or poor access to electricity. The project also underlines the benefits of Martifer Solar’s acquisition in order to reach our 2020 targets” says Sébastien Clerc, CEO of Voltalia.

The Kopere project

The Kopere project benefits from a 20-year electricity sale contract signed with Kenya Power and Lightning Company (KPLC), the Kenyan electric power utility. It will be effective from the commissioning of the solar power plant.

Located at the border of the Nandi and Kisumu counties, the solar plant benefits from an optimal solar irradiation level. It will contribute to reach the Kenyan government target of achieving universal electricity access by 2020 (vs. 70% in 2017). It will also positively impact the social and economic environment of the Nandi County.

Following the announcement of the Group’s first solar plant in Africa in October 2017, this new win highlights Voltalia’s strong ambitions on the continent.

Next on the agenda: General Assembly Meeting on May 24, 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 508 MW.
  • Voltalia is also a service provider, assisting its investor clients active in renewables at each project stages, from conception to operation & maintenance.
  • With more than 460 employees in 17 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 and CAC Mid&Small indexes.

Actifin

Investor Relations: A. Commerot, acommerot@actifin.fr

Media Relations: J. Jullia

+33 (0)1 56 88 11 11

Voltalia

Chief Administrative Officer: Marie de Lauzon

invest@voltalia.com

+33 (0)1 44 63 14 40

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