Credit Agricole Commits to 20-Year Solar PPA in France

• Credit Agricole takes a green leap with a 20-year power purchase agreement, buying solar park output to meet 3.5% of its power demand and align with its climate strategy.

Credit Agricole has signed a 20-year power purchase agreement (PPA) with JP Energie Environnement to buy the output of two solar parks in France. This is Credit Agricole's first long-term deal for the purchase of green power and is in line with its climate strategy. The PPA will be valid for 20 years and the electricity generated is estimated to be equal to 3.5% of Credit Agricole's power demand. The solar parks will be installed in Indre et Loire and Nievre and are expected to be operational by April 2025, with a combined annual output of 18.3 GWh. The integration of the renewable power will be managed by electricity market operator Selfee.

What is Credit Agricole's first long-term green power purchase agreement in France?

• Credit Agricole has signed a 20-year power purchase agreement (PPA) with JP Energie Environnement.
• The PPA is Credit Agricole's first long-term deal for the purchase of green power in France.
  
• The agreement is in line with Credit Agricole's climate strategy.
• The PPA will be valid for 20 years.
• The electricity generated from the solar parks is estimated to be equal to 3.5% of Credit Agricole's power demand.
• The solar parks will be installed in Indre et Loire and Nievre.
  
• The solar parks are expected to be operational by April 2025.
• The combined annual output of the solar parks is estimated to be 18.3 GWh.
• The integration of the renewable power will be managed by electricity market operator Selfee.