Voltalia benefits from development, EPC unit performance in Q2

Facebook
Twitter
LinkedIn
Reddit
Email
Voltalia has more than 900MW of renewables under construction. Image: Endesa.

French renewables company Voltalia’s Q2 revenues were up 26% year-on-year to €111 million (US$113 million) as its project development, construction and equipment procurement segment continued to grow.

The firm’s services unit increased revenues by 36% to €94.3 million as development revenues were up thanks to the sale of projects to third-party clients, while the construction segment posted strong growth in the UK, Portugal and Kenya.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

“Voltalia continued to grow at a rapid pace in the second quarter with strong sales of services to third-party customers,” said the company’s CEO, Sébastien Clerc.

Revenues from the operations and maintenance unit were flat year-on-year.

As well as its role as a renewables project service provider – spanning development, EPC and O&M services – Voltalia is an asset owner and independent power producer.

Q2 2022 revenues from energy sales jumped 8% on the same quarter last year, while production fell to 0.6TWh, compared to 0.8TWh in Q2 2021.

The company ended the quarter with 2.1GW of renewables in operation and under construction, with more than 900MW under construction.

The largest PV plants the firm is building are the SSM installations in Brazil, which have a total combined capacity of 507MW, followed by the 140MW Karavasta project in Albania, which is due to be commissioned in the second half of 2023.

During Q2 Voltalia was awarded 117MW of solar capacity in a tender in Morocco as well as a 33MW floating PV plant in a Portuguese auction in April that represents the company’s first floating solar project.

The firm announced last month that it has started developing a cluster of PV projects in the Brazilian state of Minas Gerais that will have a combined capacity of 1.5GW.

At the end of March Voltalia’s Helexia subsidiary acquired French company Cap Sud, which specialises in the development and operation of solar systems on the roofs of agricultural buildings.

Voltalia has confirmed a prior ambition to have 2.6GW of renewables in operation or under construction by the end of 2023.

Read Next

August 7, 2025
Independent power producer Arevon Energy has powered the second phase of the Eland solar-plus-storage Center in Los Angeles, California.
August 7, 2025
US residential solar installer Sunrun says it has positioned itself to continue generating strong financial returns after the passing of the 'One Big, Beautiful Bill'.
August 6, 2025
US tracker manufacturer FTC Solar has posted US$19.9 million in revenue in the second quarter of 2025, up year-on-year for the second quarter in a row.
August 4, 2025
Brookfield Renewable earned more than US$400 million in FFO at its renewable generation assets in the second quarter of 2025.
July 24, 2025
Spanish energy utility giant Iberdrola has recorded over €3.5 billion in net profits in the first half of 2025 as it continues to expand investments in grid networks and high-value markets.
July 23, 2025
US-based microinverter manufacturer Enphase Energy saw a decline of two percentage points in its gross margin for Q2 2025 due to Donald Trump's “reciprocal” tariffs regime.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines