January 5 (Renewables Now) – French renewable power producer Voltalia SA (EPA:VLTSA) said on Monday that its installed power generation capacity has crossed the 1-GW mark during the past year and unveiled plans for a geographical rebalancing.
At the end of December, the French firm had 1,015 MW of capacity in operation, which exceeded its goal for 1,000 MW of installations by end-2020. The target was achieved thanks to the diversification of Voltalia’s portfolio, which includes wind, solar, biomass and energy storage facilities, the company explained.
As for wind and solar, in particular, Voltalia’s power plants are located in Brazil, Europe and Africa and solar alone is now responsible for 23% of the company’s installed portfolio. In geographical terms, Brazil is home to 67% of Voltalia’s installed base, while Europe accounts for 24%. The rest 9% comes from Egyptian assets.
While Brazilian wind is seen as the major driver for Voltalia’s future expansion, Europe and Africa will “clearly continue to enjoy the highest growth rates,” the French firm said. It added it is on track to rebalance its portfolio by 2023, when Brazil should represent 50% of its installed capacity.