Voltalia expands renewable power portfolio by 15% in Q2 2024

Facebook
Twitter
LinkedIn
Reddit
Email
Voltalia's RA Solar project in Egypt.
Voltalia aims to expand its under-construction and operational portfolio to 3.3GW by the end of the year. Image: Voltalia

French renewable energy developer Voltalia has expanded its clean energy portfolio by 15% in the second quarter of 2024, driving a 42% growth in turnover compared to the previous quarter.

The company now boasts 2.5GW of solar and wind capacity in operation, up 44% from the 1.7GW in operation in the first half of 2023, and has a further 610MW of capacity under construction. Its electricity production has also increased, to 1,111GWh in the second quarter of this year, a 26% growth over production in the second quarter of 2023. This translates to a 13% increase in electricity generation between the first half of 2023, and the first half of 2024, for which the company now has figures.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The developer aims to expand its under-construction and operational portfolio to 3.3GW by the end of the year, and 5GW by the end of 2027, and the company reaffirmed these ambitions in its latest financial results, published this week.

“The second quarter of 2024 consolidates and accelerates the trajectory initiated at the beginning of the year, driven by the sustained growth in both our energy sales and services to third-party customers,” said Sébastien Clerc, CEO of Voltalia, of the latest results.

Voltalia’s energy sales increased considerably year-on-year, from €71.8 million (US$77.9 million) in the second quarter of 2023 to €93.8 million in the second quarter of 2024, an increase of 31%. Looking at half-year figures, the company’s sales grew from €134.2 million in the first half of 2023 to €168.7 million in the first half of this year, an increase of 26%.

The company noted that much of its growth came from regions in which it had commissioned new projects recently, such as Albania, where Voltalia brought online a 140MW project. While its power generation fell by 2% in Brazil, due to the sale of projects and maintenance operations cutting into the production capacity of facilities, its output increased by 6% in France, quarter-on-quarter, and more than doubled in the rest of the world.

The news follows strong financial results in 2023, which saw the company “reach or even exceed” a number of its end-of-year targets. More recently, Voltalia has announced plans to build a solar-plus-storage plant in Uzbekistan, and more than 2.5GW of renewable electricity production to support green hydrogen development in Egypt, as it looks to expand its clean energy portfolio further.

2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

Premium
October 13, 2025
Brett Beattie of Castillo Engineering looks at some of the key land grading work that can make multimillion-dollar differences to projects.
October 13, 2025
The world is on pace to exceed 3TW of cumulative solar installations by the end of the year, according to a report from DNV.
October 10, 2025
The European solar module market has reached a “state of equilibrium” in recent weeks, with stable prices and regular demand.
October 9, 2025
Solar PV is the world’s cheapest technology to generate electricity, according to a study from the University of Surrey, in the UK.
October 9, 2025
Entergy Arkansas has announced plans to build a 600MW solar-plus-storage project to support a new data centre to be built by Google.
October 9, 2025
Germany has awarded contracts to 490MW of solar-plus-storage projects in its latest “innovation” auction for co-located renewables.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK