Latest figures announced by French renewable company Voltalia on its Q3 earnings call show a turnover of €177.4 million (US$198.6 million) in Q3 2026 and a 29% increase in electricity generation to 4.1TWh, up 11% compared with the first nine months of 2025.
Total generation in the third quarter of 2026 was 1.7TWh, up 29% compared to the same period in 2025.
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Energy sales were up 26% compared to the same quarter last year, to €111.5 million, helped by the addition of new renewable generating capacity coming online. Its previously stated objective of 3GW of renewables in operation by the end of the year has therefore been reached three months early.
This quarter, joint renewable energy capacity, including that in operation (3GW) and under construction (0.563GW), was up by 8%, and of those facilities in operation, their capacity rose 18%. Solar PV energy accounted for 55% of renewable production across the group.
The company’s first nine months of turnover breaks down geographically as 61% coming from Europe, 32% from Latin America and 7% from the rest of the world (RoW). Energy sales accounted for 59% of turnover, sales from Renvolt for 35% and Voltalia Hub for 6% of the group’s combined turnover.
Curtailment falls 41% year-on-year
Voltalia also posted a 41% decline in curtailment between the first nine months of 2026 and the same period in 2025, with a 32% year-on-year decline in curtailment in Brazil in particular. This continues a trend reported in the company’s second quarter financial results, where curtailment fell quarter-on-quarter.
The addition of battery energy storage systems (BESS) will likely be a key contributor to this trend, as the company announced that “battery storage is set to account for a gradually larger share of this energy mix (standalone storage projects and hybrid projects).”
At the end of 2025, the company secured €165 million in financing for a hybrid power plant combining 43MW solar PV capacity with 135MWh of BESS in the territory. At the beginning of 2026, Voltalia announced the beginning of construction of a 100MW/200MWh BESS for a 100MW wind generation facility, the Artemisya project, in Uzbekistan.
Renvolt turnover falls, Helexia capacity grows
Voltalia’s subsidiary, engineering, procurement and construction (EPC) company Renvolt, saw a drop in turnover of -21% to €53.9 million in this last quarter, which the company’s earning call attributed to “the phasing of construction projects”. Since the beginning of the year, however, Renvolt has grown 16% overall.
Turnover from Renvolt for the first nine months of 2026 amounts to €177.8 million, driven by momentum in construction activities for third-party clients in Europe—around 600MW of projects are under construction in Ireland and Spain—and in the provision of maintenance services for Renvolt’s third-party clients. This activity is particularly notably in Portugal, the company noted.
Specialist activities subsidiary Voltalia Hub’s turnover grew 22% this quarter, and 38 MW of new energy capacity has been commissioned in Europe and Brazil under the Helaxia brand. Production from Helaxia’s activities grew by 7% this quarter.
Robert Klein, chief executive officer of Voltalia, confirmed the company’s EBITDA target of €210-230 million at the end of the year.
