Boralex has signed a corporate power purchase agreement to supply IBM’s France-based locations with renewable electricity.
The agreement covers a five-year period and will comprise capacity from Boralex’s plants to supply IBM with the equivalent of 55% of the annual consumption of its France-based sites and data centres.
The power will be sourced from Boralex’s wind asset portfolio, specifically from assets whose contracts with EDF will have expired.
The final agreement involves three companies. Boralex, as a green energy producer, will apply its industrial asset management expertise to supply power to IBM France, the final customer, and Axpo Solutions, which will aggregate the renewable power codified in the agreement.
Boralex vice president and Europe general manager Nicolas Wolff (pictured) said: “We’re proud to support such a world-renowned company as IBM, alongside our trusted partner Axpo, and to contribute in a very tangible way to the actions it’s taking to promote the energy transition.
“Since 2019, our Energy Markets Department worked to develop corporate power purchase agreements like this, for industrial and commercial clients throughout France.
“This new agreement shows that we’re staying the course. It also shows our ability to diversify our client portfolio and grow our presence in new business sectors.”