Renault indicators triad of green deals in France, incl. 350-MW solar PPA

• Renault (EPA: RNO) on Thursday introduced 3 long-term decarbonisation deals for its procedures in France, including the nation's largest green electricity supply contract, signed with French renewable nuclear power plant driver Voltalia SA (EPA: VLTSA).

The manage Voltalia is a 15-year power purchase agreement (PPA) for 350 MW of solar capacity, standing for annual generation of about 500 GWh. Voltalia will start mounting 100 MW of solar in 2025 and then progressively enhance the capacity dedicated to Renault to 350 MW by 2027. Thanks to this contract, Renault will conceal to 50% of the electricity usage of its production tasks in France in 2027, consisting of the demands of its Cleon plant as well as its ElectriCity electrical vehicle manufacturing hub.

Renault targets net zero carbon emissions for its ElectriCity hub in France by 2025, in Europe by 2030 and around the world by 2050.

The carmaker is likewise working to protect carbon-free heat for its manufacturing facilities. It is partnering with French energy business Engie SA (EPA: ENGI) to develop the first deep geothermal project on a European industrial site, at its Douai factory in north France. The project belongs to a heat purchase agreement (HPA) that will certainly replace 70% of the site's gas needs.

ENGIE will start piercing operate at the Douai plant at the end of 2023 to draw hot water to supply the plant's industrial and also heating procedure requires from 2025. The project will certainly supply almost 40 MW of geothermal power which might additionally be used to create electricity in summer periods when much less heat is needed.

The third deal is with Dalkia, a renewable energy subsidiary of EDF (EPA: EDF), for the supply of carbon-free heat to Renault's Maubeuge plant via a 15-MW biomass boiler. Dalkia will set up at the site a biomass boiler and waste heat recuperation systems that will cover 65% of the plant's gas demands by 2025.

In 2021, Renault signed a decarbonisation agreement with Spanish utility Iberdrola SA (BME: IBE) for its Iberia procedures.