Voltalia's net loss shrinks in H1 amid growing revenues
First turbines commissioned at the VSM wind farms
September 28 (Renewables Now) - French renewable power plants operator Voltalia SA (EPA:VLTSA) narrowed its net loss to EUR 4.6 million (USD 4.4m) in the first half of 2022, mainly thanks to cost control and increased revenues.
The Paris-based company closed the first semester of the year with net revenues totalling EUR 214.3 million. Development, construction and equipment procurement activities generated revenues of EUR 152 million while energy sales were responsible for EUR 96.1 million of the total.
At EUR 47.4 million, consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 40% in annual terms. The improvement was attributed to the higher revenues and production benefits from power plants that were brought online in 2021.
More details about Voltalia’s performance can be seen in the table below.
Amounts in EUR million
Change at current rate
Change at constant rate
Revenue from Energy
Revenue from Services
Eliminations and corporate items
Depreciation, amortisation and provisions
Net loss (group share)
At the end of June, Voltalia had 1,226.1 MW of installed capacity in its fleet, the bulk of which comes from wind farms in Brazil. Wind, solar and hydropower plants with a combined capacity of 916.7 MW were under construction.
Voltalia said it is on track to achieve its 2023 goal of having 2.6 GW of capacity in operation or under construction one year earlier than planned, by the end of 2022. The company reiterated its target for normalised EBITDA in the range of EUR 275 million to EUR 300 million in 2023.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.