French Renewables Developers Sign Power Supply Deals with Leroy Merlin
- Voltalia and Photosol sign corporate PPAs with Leroy Merlin to build three solar and one wind installation for 125GWh of sustainable energy supply annually
What happened?
French renewables developers Voltalia and Photosol have signed electricity supply contracts with Leroy Merlin, the French gardening retailer. The three solar installations and one wind installation are expected to produce an average of 125GWh of green electricity annually by 2024/2025. The contracts, which cover 57% of the retailer's energy consumption, will be active for periods of between 15 and 23 years. During this time, all electricity produced and the guarantees of origin and capacity will be transferred to Leroy Merlin.
Why does it matter?
The corporate PPAs between Voltalia and Photosol and Leroy Merlin demonstrate the retailer's commitment to promoting the energy transition and being a long-term player in greener consumption. The projects will allow farmers to diversify their activities while maintaining the quality and yield of their land. The contracts will be a boost for the renewable energy sector as it is expected to produce a significant amount of green electricity. Additionally, the use of Voltalia and Photosol's knowledge in agrivoltaics will help to ensure the maintenance and development of agricultural activity.
What's next?
The three solar installations and one wind installation are expected to be built in the second half of 2023, with an average annual production of 125GWh of green electricity by 2024/2025. These projects will be a significant milestone in the energy transition journey and the growth of renewable infrastructure. Leroy Merlin's commitment to greener consumption is likely to set a precedent for other companies to follow. This move will not only contribute to a sustainable future but also help to establish France as a leader in the renewable energy sector.
