Voltalia signs 30-MW solar PPA with Leroy Merlin

• France's Voltalia SA (EPA: VLTSA) has actually signed a power acquisition agreement (PPA) to supply residential retail chain Leroy Merlin with electricity from a 30-MW solar project.

To serve the new 15-year contract, Voltalia will build the photovoltaic (PV) nuclear power plant in France's Centre-Val de Loire area, it introduced on Monday. The solar park is anticipated to find into operation in 2025.

Ended at a pre-determined price, the off-take offer will cover around 15% of the buyer's annual electrical power intake. Voltalia likewise explained in journalism launch that the agreement can be extended.

Leroy Merlin France's Director of Development, Jerome Paternotte, noted that the retailer is planning to have all its stores powered 100% by renewable sources by 2025, with a portion of the tidy power to be created directly on-site. The chain has 143 stores throughout France.