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2019-03-13 17:45 CET
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ALBIOMA : Port Ouest photovoltaic power plant with storage put into service in Réunion

Press release

Paris La Défense, 13 March 2019

Port Ouest photovoltaic power plant with storage put into service in Réunion

Albioma has announced that the Port Ouest installation, located in the town of Le Port in Réunion, with a power of 1.34 MWc and a storage capacity of 1.33 MWh, was put into industrial service on 20 February 2019.

The installation was the winner of the Energy Regulatory Commission (CRE) call for tenders in 2016.

Port Ouest, which was the winner of the Energy Regulatory Commission's call for tenders in 2016, is the first installation in service in Réunion relating to the production and operation of photovoltaic solar power plants with energy storage, located in areas not connected to mains electricity. In order to win the call for tenders, the designs presented to the CRE in 2015 had to be innovative, especially regarding the planned production, storage and command control components.

The purchase contract signed with EDF will last for 25 years.

A power plant with energy storage that is full of technological innovations, and which also fits very well into the landscape.

The power plant is located in two industrial units used for port activities, with no conflict of use. With a total power of 1.34 MWc, it is equipped with Li-Lon energy storage batteries with a capacity of 1.33 MWh.

As well as the power guaranteed by the batteries, this power plant will provide energy every day at peak times in the evening (between 7.00 pm and 9.00 pm); the technology used for this power plant enables the problem of intermittent production of standard solar power plants to be solved, and also stabilises and guarantees production during the day (cloudy weather and changes in the meteorological conditions), as well as improving forecasts.

Furthermore, the power plant is equipped with an energy management system that informs the network operator of the power delivered in real time.

Each year, Port Ouest will produce 1.9 GWh per year, which is the annual consumption of 630 households in Réunion.

The leader in photovoltaic energy production overseas, Albioma has strengthened its position in France.

A pioneer since 2006, Albioma is the leader in solar power overseas; Albioma is also the first French company producing solar energy that has been Environment, Health and Safety (EHS) certified three times.

In December 2018, Albioma announced the acquisition of Eneco France, to strengthen its position and expansion in solar energy in France, in addition to the 8 MW already installed in the country.

Albioma aims to develop innovative solar energy projects, with a target of over 80% renewable energy by 2023.

Frédéric Moyne, CEO of Albioma, says: "With the Port Ouest power plant, Albioma is reinforcing its place as the main producer of photovoltaic energy overseas, by building and developing innovative projects with energy storage, which provides stability to networks and speeds up energy transition."

Next on the agenda: revenue figures for the first quarter of the 2019 financial year, on 24 April 2019 (before trading).

About Albioma Contacts
An independent renewable energy producer, Albioma is committed to the energy transition thanks to biomass and photovoltaics.

The Group, which is established in Overseas France, Mauritius and Brazil, has developed a unique partnership for 25 years with the sugar industry, to produce renewable energy from bagasse, a fibrous residue from sugar cane.

Albioma is also the leading generator of photovoltaic power overseas where it constructs and operates innovative projects with integrated storage capabilities.
Julien Gauthier
+33 (0)1 47 76 67 00

Charlotte Neuvy
+33 (0)1 47 76 66 65
Albioma shares are listed on NYSE EURONEXT PARIS (sub B) and eligible for the deferred settlement service (SRD) and PEA-PME plans (ISIN FR0000060402 - ticker: ABIO).