Voltalia has revealed its plans to significantly grow its renewables portfolio by 2027.
During its Capital Markets Day event Voltalia stated that it aims to have more than 5GW of capacity operational or under construction and to operate more than 8GW on behalf of customers, by the end of 2027.
The developer is targeting a normative EBITDA of approximately €475m in 2027.
Voltalia will examine the best options to finance its investments, estimated at between €2.5bn and €3bn, in support of its new ambitions set for 2027.
In addition to project financing and its self-financing capacity, the group stated it reserves the right to raise financing by selectively selling minority shares to partners in some of its projects or to set up capital financing.
In order to execute its 2027 growth plan, Voltalia will leverage its portfolio of projects in development, totalling 13.6GW, of which 986MW is PPA-backed.
Sébastien Clerc, CEO of Voltalia, said: “The growth of renewable energy is accelerating. As well as a key element Key in the fight against global warming, renewable energy has also became the cheapest form of energy, while meeting the energy security challenges of countries.”
Voltalia builds and operates renewable power plants on its behalf of its customers through its subsidiary Helexia.