Voltalia announces increased sales for H1 and Q2 2017
Global renewable energy company Voltalia has announced substantial revenue growth for the first half of 2017.
Total revenues over the half-year increased by +73.8% compared to the first half of 2016, totalling €77.7mn ($89.84mn). At constant exchange rates, consolidated revenues were up by +55.2% compared to the first half of the previous year.
Q2 2017 consolidated revenues amount to €39.6mn ($45.79mn), compared with €26.2mn ($30.29mn) in Q2 2016, a +51.4% increase in the activity over the period. At constant exchange rates, consolidated revenues were up by +34.9% compared to Q2 2016.
Energy sales grew by +20.6% compared to Q2 2016, mainly due to the revenues generated by the Vila Pará power plant (99 MW) gradually commissioned during Q3 2016 and by the progressive commissioning of the turbines at the Vila Acre plant (27 MW) in Q2 2017;
Over the period, Voltalia also recorded increased revenues from services activities.
The operation and maintenance business enjoyed revenues from previously existing contracts, mainly in Italy and Portugal, as well as revenues from more recent contracts in Jordan and Japan. The Jordanian contract (57 MW) covers the power plant completed by Voltalia at the beginning of the year.
The Japanese contracts (50.7 MW) were signed in Q1 2017 thanks to the synergies resulting from Voltalia’s and Martifer Solar’s joint teams mobilisation right after the acquisition.
During the quarter, the development, construction and procurement activity notably benefited from revenues generated by the 5 MW construction contract for a solar power plant in Tanzania and construction and procurement contracts executed in Brazil and in Italy.
“I am pleased with this second quarter’s good performance, achieved thanks to the two pillars of our growth model,” said Sébastien Clerc, Chief Executive Officer of Voltalia.
“On the one hand, we benefited from revenues from the early commissioning of our new production capacities at the Vila Pará wind power plant (Brazil). On the other hand, the service activities enable us to record new revenues over the semester.”
All but two UK regions failing on school energy efficiency
Most schools are still "treading water" on implementing energy efficient technology, according to new analysis of Government data from eLight.
Yorkshire & the Humber and the North East are the only regions where schools have collectively reduced how much they spend on energy per pupil, cutting expenditure by 4.4% and 0.9% respectively. Every other region of England increased its average energy expenditure per pupil, with schools in Inner London doing so by as much as 23.5%.
According to The Carbon Trust, energy bills in UK schools amount to £543 million per year, with 50% of a school’s total electricity cost being lighting. If every school in the UK implemented any type of energy efficient technology, over £100 million could be saved each year.
Harvey Sinclair, CEO of eEnergy, eLight’s parent company, said the figures demonstrate an uncomfortable truth for the education sector – namely that most schools are still treading water on the implementation of energy efficient technology. Energy efficiency could make a huge difference to meeting net zero ambitions, but most schools are still lagging behind.
“The solutions exist, but they are not being deployed fast enough," he said. "For example, we’ve made great progress in upgrading schools to energy-efficient LED lighting, but with 80% of schools yet to make the switch, there’s an enormous opportunity to make a collective reduction in carbon footprint and save a lot of money on energy bills. Our model means the entire project is financed, doesn’t require any upfront expenditure, and repayments are more than covered by the energy savings made."
He said while it has worked with over 300 schools, most are still far too slow to commit. "We are urging them to act with greater urgency because climate change won’t wait, and the need for action gets more pressing every year. The education sector has an important part to play in that and pupils around the country expect their schools to do so – there is still a huge job to be done."
North Yorkshire County Council is benefiting from the Public Sector Decarbonisation Scheme, which has so far awarded nearly £1bn for energy efficiency and heat decarbonisation projects around the country, and Craven schools has reportedly made a successful £2m bid (click here).
The Department for Education has issued 13 tips for reducing energy and water use in schools.