Voltalia Q2 revenue more than doubles

Brazilian wind farm. Author: Carla Wosniak. License: Creative Commons, Attribution 2.0 Generic

French renewable power plants operator Voltalia SA (EPA:VLTSA) reported a consolidated revenue of EUR 26.1 million (USD 28.7m) for the second quarter of 2016, up from EUR 10.1 million in the year-ago period.

The strong growth was achieved mainly thanks to the excellent performance of recently commissioned wind power plants in Brazil, the company said in a press release on Thursday.

From January to June, Voltalia's sales soared by 84% to EUR 44.1 million. Energy sales contributed the larger part at EUR 44.2 million and Operation & Maintenance services added EUR 400,000.

Details on second-quarter and first half energy sales are given in the table below.

Energy sales by type of energy (EURm)	Q2 2016	Q2 2015	y/y change	H1 2016	H1 2015	y/y change
solar	2.1	2.1		3.6	3.5	+1.5%
wind	18.3	6.6	x2.8	30	18.3	+64.2%
hydro	0.9	0.4	x2.3	1.5	0.9	+70.3%
hybrid	4.0	n/a	n/a	7.9	n/a	n/a
biomass	0.6	0.6		1.3	1.4	-7.4%
Total	25.9	9.7	x2.7	44.2	24.1	+83.7%

"The performance of this second quarter reflects the relevance of our organic growth strategy, relying on successful operational teams and a high selectivity regarding the power plants we decide to build. Encouraged by these successes, we will soon take a decisive step with the acquisition of Martifer Solar. This external growth operation will confirm our positioning as an industrial integrated player, expand our global reach and boost our development in solar”, Voltalia CEO, Sebastien Clerc commented.

(EUR 1 = USD 1.100)

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