Voltalia, an international renewable energy player, has announced the sale of its 100% stake in a French solar plant to a financial investor.
Located in the French Provence-Alpes-Côtes d’Azur region, the solar plant, with a capacity of about 3 MW, has been developed, built and commissioned by Voltalia. With 9,360 photovoltaic panels, the plant provides the equivalent of the annual power consumption of about 1,400 households.
The disposal of this solar asset to an international financial investor, which is an existing client of Martifer Solar, reflects Voltalia’s ability to value its assets and its development skills while rolling-out its services activity for third-party clients. Indeed, the group will remain in charge of the operation and maintenance of the plant, for which it has secured a 16-year long operation and maintenance contract.
Beyond the operation and maintenance contract, this asset disposal will have a very positive impact on the second half-year results. It will generate a pre-tax income of at least €5 million (US$5.6 million).