Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Voltalia to Raise Up to $213 Million in Share Sale for Wind

Voltalia SA, a Paris-based clean-energy producer, plans to raise as much as 157 million euros ($213 million) through a sale of new shares to finance wind-power projects in Brazil and France.

The company will offer an initial 12.8 million shares at 8.6 euros to 10 euros each to French investors and international institutions, Voltalia said today in a statement. The sale my reach 157 million euros based on the average estimated price for additional shares that may be offered, the company said.

Proceeds will be used to speed up developments to help Voltalia become one of the five biggest wind developers in Brazil, Latin America’s fastest-growing market for that type of power generation, the company said.

“The big majority” of the capital raised is going to be used to increase capacity in Brazil, Chief Executive Officer Sebastien Clerc, said in a telephone interview. “In 2017, about 75 percent of Voltalia’s installed capacity will come from Brazil.”

Voltalia has developed wind, solar, biomass and hydroelectric plants in France, French Guyana, Brazil and Greece. It operates 13 facilities, mainly wind and solar, with a combined 52 megawatts of capacity.

The company currently has 11 projects in Brazil’s northeast under construction, for a total capacity of 291 megawatts. It’s developing a further 120 megawatts of capacity in two projects called Vila Para and Vila Amazonas, with construction to start in by 2016.

Other Projects

The financing will also support two 10-megawatt plants in France, taking total installed capacity to 363 megawatts by mid-2016.

The money may fund other projects being developed in Brazil, and 32 megawatts of solar parks in France.

Existing investors have priority in the shares sale and Creadev, the main shareholder, has committed to buying 90 million euros of stock.

Another 1.9 million shares may be offered to meet demand and, if these are sold, a further 2.2 million shares may be offered by Aug. 6. The offer will close on July 4 and priced on July 7.

Creadev is an investment company controlled by the Mulliez family, which owns retailers such as Croix, France-based Groupe Auchan SA.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.