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Last updated : 15/09/2026 - 17h35
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Voltalia Launches 148 MW Solar Plant in South Africa

Voltalia has announced the full commissioning of the Bolobedu Solar Plant in South Africa, a 148-megawatt project developed for Richards Bay Minerals as part of a long-term contract. This facility demonstrates the group's commitment to supporting its clients in their energy transition while generating socio-economic benefits for local communities.


Voltalia Launches 148 MW Solar Plant in South Africa

A Major Solar Initiative in Limpopo Province

Located in the Limpopo province, the Bolobedu Solar Plant is one of the largest projects dedicated to powering a single company in South Africa. Voltalia developed this facility for Richards Bay Minerals, a South African world leader in the mining and refining of heavy mineral sands and a subsidiary of the Rio Tinto group. The project is part of a long-term Corporate Power Purchase Agreement (CPPA) and utilizes Eskom's transmission network through a wheeling contract. The plant produces about 300 gigawatt-hours annually and will help reduce CO? emissions by over 237,000 tons each year.

Local Community Engagement and Development

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During the construction phase, about 800 residents from the three host communities were employed, with 56% youth and 21% women representation. Local workers received training in technical assistance, solar panel installation, and HSE awareness. The project also supported the development of a local value chain including transport cooperatives, women-led catering services, and craft initiatives. Voltalia partnered with two local women investors, making Bolobedu the first large-scale renewable energy project exclusively supported by women. Furthermore, in October 2025, Voltalia signed a strategic partnership with the IFC, a member of the World Bank Group, aimed at accelerating the deployment of sustainable energy solutions in the mining sector in Africa through the development of 'Power-to-Mine' projects incorporating renewable energies, hybrid systems, storage, and power purchase agreements.



Sector Énergie Énergies renouvelables


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Context

Period
  • Period: S1 2026
Key reported figures
  • Revenue: 331,3 millions d'euros
  • Quarterly revenue: 331,3 millions d'euros
  • Revenue growth: 32 %
  • EBITDA: 110,3 millions d'euros
  • EBITDA margin: 33,3 %
  • Net income: -43,3 millions d'euros
  • Free cash flow: -37,9 millions d'euros
Guidance from the release
  • perte nette attendue en 2026 (y compris au deuxième semestre). Cette évolution reflète la poursuite au second semestre des facteurs défavorables
Risks mentioned
  • Poursuite des facteurs défavorables sur les postes situés sous l'EBITDA, en particulier les charges financières
  • Poids de certains actifs déficitaires et leurs plans d'actions ne se concrétisent pas encore
  • Pénalisation par une ressource éolienne moins favorable et disponibilité plus faible notamment au Brésil
Opportunities identified
  • Montée en puissance des nouvelles centrales en Afrique du Sud, Ouzbékistan et Europe contribuant progressivement
  • Dynamique soutenue de Renvolt avec 750 MW en construction pour des clients tiers
  • Programme de cessions d'actifs de 300 à 350 millions d'euros concentrées sur le premier semestre 2027
Outlook / guidance
  • Expected EBITDA: 220 millions d'euros
  • Management commentary: « Objectifs financiers : confirmation d un EBITDA 2026 compris entre 210 et 230 millions d euros incluant 190 à 210 millions d euros générés par l activité de Ventes d énergie » (RFS S1 2026 du 10/09/2026, idem CP T2 du 23/07). AUCUNE prévision de chiffre d affaires chiffrée dans ces documents : le 525 servi en CA et la fourchette 210→230 recopiée en CA (c était la fourchette d EBITDA) sont retirés le 13/09/2026 (relecture cc@/claude).

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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