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Voltalia sells a minority stake in its largest solar plant, SSM1&2, located in the Serra Branca cluster in Brazil to STOA

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STOA, an investment fund specialized in infrastructure projects in developing and emerging countries and Voltalia (Euronext Paris, ISIN code: FR0011995588), an international player in renewable energies, announce today STOA is acquiring a 33% equity stake in the SSM1&2 solar plant , Volta li a’ s 3 2 0 megawat t solar power plant in Brazil.

STOA has become a 33% shareholder in the company that owns the SSM1&2 (Solar Serra do Mel 1&2) project, a 320 megawatt solar power plant currently under construction and scheduled to come on stream in the first half of 2022. SSM1&2 is backed by five power sales contracts with an average duration of 16 years.

SSM1&2 is part of the Serra Branca cluster. Entirely developed by Voltalia and located in the Brazilian state of Rio Grande do Norte, Serra Branca is the world's largest wind and solar cluster with a potential capacity of 2.4 gigawatts. Voltalia is the controlling shareholder of a significant part of the projects located in the region, with the other projects divested to partners. In September 2020, STOA had already acquired a 33% stake in VSM3 (Ventos Serra do Mel III), a 152 megawatt wind power plant backed by a 20-year power sales contract with

CEMIG, a Brazilian state-owned electricity company.

In any case, Voltalia provides all or part of the services associated with the development, construction and

maintenance of the divested or retained plants, with 1.2 gigawatts of operating assets as well as 500 megawatts under construction and 700 megawatts under development.

STOA is an investment fund dedicated to infrastructure projects in emerging countries. It was created by Caisse des Dépôts and Agence Française de Développement (AFD).

Since STOA started operating in the region late 2018, the investment into SSM1&2 is STOA’s third investment

in Brazil (after the acquisition in 2020 of minority stakes in VSM3 wind farm and São Paulo’s Metro Line 6

project) and STOA’s fourth investment in Latin America (after the investment into a wind farm in Domican

Republic this year).

”The consolidation of our partnership with Voltalia on SSM1&2 solar plant confirms the relevance of STOA’s

investment thesis: providing long-term equity stakes at asset level to our industrial partners and supporting them on all project’s phases”, told Marie-Laure Mazaud, CEO of STOA.

"We are pleased to conclude this second partnership with STOA. It illustrates our model of working with longterm partners on the power plants developed, built and operated by Voltalia," said Sébastien Clerc, CEO of

Voltalia.

Next on the agenda: 2021 Full Year results, March 24, 2022 (before market opening)

Press contact :

  • Voltalia Investor Relations: invest@voltalia.com. T. +33 (0)1 81 70 37 00
  • ActifinPress Contact: Jennifer Jullia. T. +33 (0)1 56 88 11 11