PARIS, FRANCE: STOA, an funding fund specialised in infrastructure projects in developing and rising countries, is acquiring a 33% fairness stake within the SSM1&2 photo voltaic plant, Voltalia’s 320 megawatt photo voltaic energy plant in Brazil. Voltalia is an worldwide participant in renewable energies.
STOA has become a 33% shareholder within the corporate that owns the SSM1&2 (Solar Serra do Mel 1&2) project, a 320 megawatt photo voltaic energy plant currently under construction and scheduled to come on stream within the primary half of 2022. SSM1&2 is backed by 5 energy gross sales contracts with an common duration of sixteen years.
SSM1&2 is a half of the Serra Branca cluster. Entirely developed by Voltalia and located within the Brazilian state of Rio Grande do Norte, Serra Branca is the world’s largest wind and photo voltaic cluster with a possible capability of 2.4 gigawatts.
Voltalia is the controlling shareholder of a significant a half of the projects located within the region, with the opposite 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 energy plant backed by a 20-year energy gross sales contract with CEMIG, a Brazilian state-owned electrical energy company.
In any case, Voltalia provides all or a half of the services related to the development, construction and upkeep of the divested or retained plants, with 1.2 gigawatts of working assets in addition to 500 megawatts under construction and 700 megawatts under development.
STOA is an funding fund devoted to infrastructure projects in rising countries. It was created by Caisse des Dépôts and Agence Française de Développement (AFD).
Since STOA began working within the area late 2018, the funding into SSM1&2 is STOA’s third funding 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 funding in Latin America (after the funding right into a wind farm in Domican Republic this year).
”The consolidation of our partnership with Voltalia on SSM1&2 photo voltaic plant confirms the relevance of STOA’s funding thesis: offering long-term fairness stakes at asset level to our industrial companions and supporting them on all project’s phases”, told Marie-Laure Mazaud, CEO of STOA.
“We are happy to conclude this second partnership with STOA. It illustrates our mannequin of working with long-term companions on the energy plants developed, constructed and operated by Voltalia,” said Sébastien Clerc, CEO of Voltalia.
STOA is a joint inventory firm (société anonyme) with an preliminary share capital of €240 million, 83.3% owned by Caisse des Dépôts (“CDC”) and 16.7% owned by Agence Française de Développement (“AFD”), the object of which is to make investments as much as €600 million in fairness and quasi fairness within the infrastructure and energy sectors of developing and rising countries. STOA advantages from the complementary support and experience of its two shareholders. Caisse des Dépôts is a public long-term investor serving the general curiosity and financial development of native areas; AFD is the French Public Development Bank which commits to financing projects in key transition sectors in developing and rising countries. In the context of their joint strategy, these two establishments are fully dedicated to play a key role within the 4 main transitions, the energy/environmental, digital, territorial and demographic transitions. www.stoainfraenergy.com
Voltalia is an worldwide participant within the renewable energy sector. The Group produces and sells electrical energy generated from wind, solar, hydraulic, biomass and storage facilities that it owns and operates. Voltalia has producing capability in operation and under construction of greater than 1.7 GW and a portfolio of projects under development representing total capability of 10.7 GW.
Voltalia is additionally a service supplier and helps its investor clients in renewable energy projects throughout all phases, from design to operation and maintenance. www.voltalia.com