French renewables developers Voltalia and Photosol have signed electricity supply contracts with gardening retailer Leroy Merlin.
The corporate PPAs will allow the construction of three solar installations in the second half of 2023 and one wind installation in France.
These four installations are expected to produce an average annual volume of 125GWh of green electricity by 2024/2025.
The contracts with Leroy Merlin are signed for periods of between 15 and 23 years, during which time all the electricity produced, as well as the guarantees of origin and capacity, will be transferred to Leroy Merlin.
They will ultimately cover 57% of the retailer’s annual energy consumption.
Through Voltalia’s and Photosol’s know-how in the field of agrivoltaics, these projects will partly guarantee the maintenance and development of agricultural activity. They will allow farmers to diversify their activities without affecting the quality and yield of the land.
De Gaulle Fleurance assisted Leroy Merlin in the context of these strategic partnerships, in the negotiation and drafting of these purchase agreements.
“We are pleased to have supported Leroy Merlin in signing these strategic partnerships that will promote the energy transition,” explains Sylvie Perrin, partner at De Gaulle Fleurance Avocats Notaires.
“Leroy Merlin’s commitment contributes to the growth of renewable infrastructures and allows them to be a long-term player committed to greener consumption.”