Voltalia signs 20-year solar PPA with 11 French firms
(Montel) French renewables firm Voltalia has signed a 20-year power purchase agreement (PPA) with 11 French companies for the output of a planned 56 MW solar farm in southern France, the company said on Monday.
This was the "first green multiple-purchaser PPA in Europe", a new kind of contract created last year by Voltalia and Credit Lyonnais (LCL). The bank will underwrite the PPA as well as being a client.
The companies also include airline Air France as well as tinned and frozen vegetable producer Bonduelle.
Multiple-client PPAs would give medium-sized enterprises the same ability as large corporations - such as telecommunications group Orange or railway SNCF - to "secure long-term supply of renewable power produced in France, [with both] price and capacity guaranteed," said partners Voltalia and LCL.
Voltalia is present in 20 countries, with over 1.9 GW of operating and under-construction renewable capacity and 10.7 GW of projects under development, it said.
Voltalia SA published this content on 10 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 December 2021 08:05:05 UTC.