Get instant alerts when news breaks on your stocks. Claim your one week free trial for StreetInsider Premium here.
Leroy Merlin, French DIY leader detail company, and Voltalia (Euronext Paris, ISIN code: FR0011995588), an international player in renewable energies, announce the signing of a sales contract for the manufacture of a new 30 megawatt solar power plant located in the Centre-Val de Loire region.
Leroy Merlin and Voltalia signed a CPPA1 for the production of an additional solar power plant with a capacity of 30 megawatts specifically built for Leroy Merlin. This agreement is entered into at a pre-established price for a minimum period of 15 years (with the possibility of extension) and will allow Leroy Merlin to draw approximately 15% of its electricity consumption from renewable energies.
The solar power plant is expected to be commissioned in 2025.
This sales contract is part of a global partnership with ADEO, the leading international player in home furnishings, which brings together ten specialized brands including Leroy Merlin.
Sébastien Clerc, CEO of Voltalia, said: “With this first CPPA concluded, Voltalia is proud through this carry out concrete action in favoryour of the environment and contribute to bringinging competitive energy to his partner. With the associated agricultural activity, adding a dimension of local co-development, Voltalia pursues its mission “to improve the global environment by promoting local development. “
Jérôme Paternotte, Development Director of Leroy Merlin France: “Leroy Merlin obviously has a role to play in the energy transition. We support the inhabitants in this process and of course take action on our own buildings. We renovate them to consume less, just enough. Between 2018 and 2021, we have already recorded 13% reduction the carbon impact of their energy consumption. Today, with Voltalia, we are moving up a gear to consume better thanks to renewable energies. Our trajectory is clear: stores powered 100% by green energy by 2025, with a share produced directly on site.”
Following the agenda: First halfF Results 2022September 28, 2022 (before stock market)
|About Leroy Merlin|
| Leroy Merlin, a pioneer company of the Adeo group, is today the leading brand in France on all distribution channels for home furnishings and the living environment. Specializing in the sale of products, projects and services, Leroy Merlin France aims to build new ways of life with everyone for a better future and places customer satisfaction at the heart of its business. 28,000 employees in 143 stores in France are now committed to this approach.
This mission is reflected in the www.leroymerlin.fr site, which is now part of the Top 10 French e-commerce sites. Leroy Merlin France was voted France’s favorite brand in 2021 and 2022 and has a turnover of more than 8.9 billion euros (including tax in 2021).
|About Voltalia (www.voltalia.com)|
| Voltalia is an international player in the renewable energy sector. The Group produces and markets electricity from wind, solar, hydraulic, biomass and storage facilities that it owns and operates. Voltalia has a production capacity in operation and under construction of more than 2 GW and a portfolio of projects under development representing a total capacity of 11.1 GW.
Voltalia is also a service provider and supports its investor clients in renewable energy projects during all phases, from design to operation and maintenance.
A pioneer in the business market, Voltalia offers a global offer to private companies, ranging from the supply of green electricity and energy efficiency services to the local production of their own electricity.
The Group has more than 1,400 employees and is present in 20 countries on 3 continents and is able to act worldwide on behalf of its customers.
Voltalia is listed on the regulated market of Euronext Paris, compartment B (FR0011995588 – VLTSA) and is part of the Enternext Tech 40 and CAC Mid & Small indices. The Group is also part of the Gaïa-Index, an index of socially responsible ETIs.
| Loan Duong, Head of Communications and Investor Relations
E-mail: [email protected]
Phone +33 (0)1 81 70 37 00
Press contact: Jennifer Jullia
[email protected] . Phone +33 (0)1 56 88 11 11
 Corporate PPA: Corporate Power Purchase Agreement. A Corporate PPA is a long-term contract that directly links the electricity consumer, a company, to the producer, who builds a new renewable energy power plant to supply its customer.
Leroy Merlin chooses Voltalia to supply solar energy to its sites in France