Kallista Energy’s mission is to develop energy sources that build a viable future for the next generations. We want to deliver electricity at a competitive price, while taking into account the climate emergency.
This conviction is reflected in our teams’ daily operations by an approach that aims to improve our environmental and social performance, both for our wind farms and in our offices.
With respect to our stakeholders, this conviction is reflected in:
- A strict code of ethics;
- A well-regulated industrial process;
- Risk management policies that are based on professionalism, transparency and a forward-looking approach.
In accordance with the provisions of Article 17- II, 1° of the law of 9 December 2016, which is integrated in our group’s policy, even though it is below the thresholds set by the law, employees of Kallista Energy undertake to comply with a code of conduct that defines and illustrates the various types of behaviour, likely to indicate corruption or influence peddling, which are to be avoided. The code of conduct includes the option for any employee to escalate problems directly to the chairman of Kallista Energy’s audit committee, without having to report the issue via the company’s management hierarchy.
For example, our project development department is particularly vigilant with regard to the following risks: demand for an abnormal lease; dispossession of a family member (agricultural operator, beneficial owner or bare owner); requests for works or compensation with no link to the project; or demand for rental payments for routes that are normally accessible to the general public. Likewise, verbal undertakings or statements that may be made by our employees during meetings must systematically be recorded in written minutes that are sent to the company’s senior management.
Kallista Energy would rather not complete a project or fail to win it, than win or complete it by means that are of questionable legality.
A pragmatic approach
Kallista Energy invests in competitively priced energy, which offers the best compromise between the resources available, the environmental impact and the return on investment.
The choice of wind energy is not only purely ideological, but also based on the reliability of this technology and its competitiveness, which only continues to increase over time. Wind energy is the most mature and the least expensive renewable energy after hydroelectric energy, which does not offer as much in terms of potential development in France.
Kallista Energy employs the same pragmatic approach in analysing opportunities to increase the production capacity of its existing wind farms by repowering them, and opportunities to invest in other energy sources.
For Kallista Energy, an energy strategy can only be designed with a long-term view. We are currently building an electricity generation capacity, viable over the long term without grants or allowances. Once the initial investments are amortised (15 years for wind farms), future generations will have access to extremely competitively priced energy with these power plants.
The choice of our investments is thus guided by wind farms that offer the guarantee of a viable production cost, once the energy purchase obligation deadlines have expired.
Our sustainable approach involves the use of the most up-to-date technologies to enable us to maximise the use of the wind potential at each site and at the same time reduce maintenance costs. As such, our group is committed to a programme of systematic repowering of wind turbines designed in the first decade of this century, in order to be using the most high-performance machines with the lowest-possible maintenance costs.