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Renewable energies: Volta raises €40 million

10/10/2023
Source : ORISHAS FINANCE
Categories: Sectors

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Volta raised €40 million in a new funding round, after having been supported by Eiffel Essentiel, which became a minority in 2021 with €20 million.

The independent power producer focuses on two complementary types of activities. This involves the installation of solar panels on the ground or on roofs, in particular on industrial and agricultural buildings, and wind repowering. In reality, it is a question of replacing old wind turbines with more powerful turbines. The company posted revenue of €15 million in 2022 and is expected to reach €20 million in 2023. The company has a portfolio of infrastructures operated or under construction that generate nearly 100 MW of electricity, and is developing 500 MW of additional projects. It is established in France, Poland and Sri Lanka. The arrival of these new financial partners and the completion of CroisiStock external sances should allow it to reach the bar of the gigawatt of electricity produced within three or five years

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