Boralex inks initially French solar energy play
- 20-year company PPA will certainly make it possible for the financing of the building of the Grange du Causse project
Boralex has actually authorized a power purchase arrangement with Metro France, its first for a solar project being built in France.
The 20-year company PPA with "additionality" will allow the financing of the construction of the Grange du Causse solar power plant, 60 km from Montpellier, Occitania.
The Grange du Causse nuclear power plant will certainly create 16MW and create regarding 23GWh a year.
Boralex will construct and run the center.
"This new contract reaffirms Metro's solid ambition to decarbonise its energy.
"Already nearly 25% of our power supply comes from eco-friendly sources and the purpose is to reach 50% in 2025 and also 100% in 2030," claimed Pascal Peltier, CEO of Metro France.
"The Grange du Causse website is our initial solar project constructed from square one based on a business PPA. We are specifically pleased to now count Metro France amongst our customers.
"With this agreement, we are now supplying over 200 GWh/year in wind as well as solar energy through corporate PPAs varying from 3 to twenty years.
"This strengthens our placement as a leader in green power sales with a comprehensive and flexible service offering that meets the requirements of services for a responsible, cost-efficient power supply," claimed Nicolas Wolff (pictured), Boralex Europe general manager.