Skip to main content

Voltalia starts construction of the Canudos 1 wind plant in the State of Bahia, opening its new Brazilian renewable cluster

Written by Customer Service on . Posted in Public Companies.

Voltalia starts construction of the Canudos 1 wind plant in the State of Bahia, opening its new Brazilian renewable clusterVoltalia (Euronext Paris ISIN code: FR0011995588), an international player in renewable energies, announces today the start of the construction of a 99.4-megawatt wind project at its new Canudos cluster, which has a 1 gigawatt potential.“After developing Serra Branca, the world’s largest wind-and-solar cluster in the state of Rio Grande Do Norte, I am pleased to announce the opening of our Canudos cluster in the state of Bahia. We are replicating the key success factors of Serra Branca : excellent wind regime, grid connexion ownership and scalability” says Sébastien Clerc, CEO of Voltalia.The Canudos 1 project is a wind farm of 99.4 megawatts, increasing from the 90 megawatts announced in December 20191. The long-term power sale agreement, for a duration of 20 years, was signed with Brazilian utilities Cemig. Voltalia chose the G132 – 3,55MW model for the 28 turbines which will equip the plant. Construction of the substation has already started, and the wind farm itself is expected to be fully commissioned in the first half of 2022.The new cluster shows the ability of Voltalia to replicate a successfull business model which made the 2.4-gigawatt cluster of Serra Branca the largest wind-and-solar cluster worldwide. This strategy consists in developing a large and competitive group of projects on the same site, with the aim of retaining some projects and selling others, with all projects benefiting from economies of scale. The total estimated potential for Canudos is 1 gigawatt.As for its other sites in operation in Brazil (Serra Branca, SMG and Oiapoque), Voltalia intends to positively impact local communities with this project. The Company will build the relevant connection facilities, produce renewable energy at a competitive price and, to do so, employ local human resources.Next on the agenda: FY 2020 results on March 25, 2021 (before market opening)
1 PR dated December 20, 2019Attachment210215 Construction start CANUDOS-VDEF

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.