Societe Generale's 20-Year Solar Deal Powers Up France

• Societe Generale secures 20-year PPA with JPee for solar power in France, reducing carbon footprint and supporting clean energy transition. #RenewableEnergy

French banking group Societe Generale has signed a 20-year power purchase agreement (PPA) with developer JP Energie Environnement (JPee) to procure electricity from a solar park being constructed in Arpheuilles, France. The solar farm is expected to be operational in 2026 and will supply between 10% and 15% of Societe Generale's annual electricity consumption in France, amounting to around 16.7 GWh per year.

The 14.2-hectare solar PV park will be built on pastured land in the Centre-Val de Loire region and will also incorporate sheep farming. This deal is part of Societe Generale's commitment to renewable energy and sustainability, as it aims to reduce its carbon footprint and support the transition to clean energy sources.

What percentage of Societe Generale's annual electricity consumption will the solar park supply?

• The solar park in Arpheuilles, France will supply between 10% and 15% of Societe Generale's annual electricity consumption in France.
• This amounts to around 16.7 GWh per year.
  
• The 14.2-hectare solar PV park will be built on pastured land in the Centre-Val de Loire region.
• The solar park will also incorporate sheep farming, showcasing a sustainable and environmentally friendly approach to energy production.
• This power purchase agreement is part of Societe Generale's commitment to renewable energy and sustainability, as the company aims to reduce its carbon footprint and support the transition to clean energy sources.