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voltalia SOLAR • WIND HYDRO • BIOMASS • STORAGE PRESS RELEASE 23 September 2021 Half - Year Results 2021 After a very strong H1 , Voltalia confirms its short and medium - term objectives Very strong growth in H1 2021 • Growth in revenue ( + 72 % ) and EBITDA ( + 44 % ) Capacity installed or under construction at 1.9 GW to date ( + 55 % vs. June 2020 ) 2021 Targets and 2023 Ambitions reiterated • • 2021 targets of normalised EBITDA¹ of ~ € 170 million confirmed : strong EBITDA growth expected in H2 due to seasonality , new power plant commissioning and strong Services activity 2023 ambitions² reaffirmed for both capacity in operation and under construction and for normalised EBITDA , while continuing geographic diversification Solid financial structure and strong development momentum • Cash position at € 329 million , strengthened by the issuance of green bonds in January Further increase in the portfolio of projects under development : + 10 % since end 2020 and + 26 % since June 2020 , with a portfolio of 10.7 GW Voltalia ( Euronext Paris , ISIN code : FR0011995588 ) , an international player in renewable energies , announces today its revenues for the first half of 2021 . The limited review of the half - yearly accounts is being finalized by the statutory auditors . The half - year accounts were reviewed by Voltalia's Audit Committee and approved by the Board of Directors which met on September 22 , 2021 . Voltalia will comment on its half - year results for 2021 and its short and medium term outlook during a live audio webcast starting at 8:30 am Paris time on Thursday 23 September 2021. Full login details are available on our website https://www.voltalia.com/fr/investisseurs " The continued strong growth in our revenues and EBITDA is driven by the sustained momentum of all our activities . While our installed capacity is growing month on month , our third party services business more than doubled over the period despite the absence of project development sales , illustrating the expertise of our teams . On the strength of a good H1 , and anticipating an even better H2 given the seasonality of our business , the commissioning of recent months in particular the power plants in Brazil ( VSM2 , VSM3 and VSM4 ) and in France ( Sarry and Cacao ) and the outlook for Services³activity , we confirm our EBITDA target for 2021. Finally , we reaffirm our 2023 capacity and EBITDA ambitions , " commented Sébastien Clerc , Voltalia's CEO . 1 " Normalised " means calculated with an average EUR / BRL exchange rate of 6.3 and a wind , solar and hydro resource at its long - term average . 2Ambitions 2023 of 2.6 gigawatts of capacity in operation and under construction , already fully backed by power sales contracts won in 2020 , for a total normalised EBITDA of 275 to 300 million euros . 3 VSM2 and VSM4 project sales press release , issued in May 2021 , which sale will be completed in November 2021 1