VALOREM & the Groupement Les Mousquetaires Sign Two PPAs

Source: www.gulfoilandgas.com 2/26/2024, Location: Europe

VALOREM, an independent green energy operator, announces the signing of two wind power PPAs with Groupement Les Mousquetaires , a major player in mass distribution. The electricity production of these two parks represents 57 GWh/year; it will be sold to Groupement Les Mousquetaires from 2025 for a period of 20 years.

This signature follows the success of the operation launched in mid-2023 by VALOREM, accompanied by ENVINERGY, to consult the market in search of PPAs.

VALOREM launched an ambitious consultation in mid-2023 with market buyers seeking PPAs, in particular for two wind projects. This operation, for which the VALOREM teams were accompanied by Elodie Geffray, partner of Envinergy, was crowned with success: ten of the companies consulted submitted firm offers, showing that the PPA model is today attractive and responds to a double need. On the one hand that of producers to find outlets in addition to the price mechanisms guaranteed by the State, depending on the economic context and the particularities of the projects, and on the other that of consumers, in search of a supply of renewable energy at a stable and competitive price.

The Les Mousquetaires Group and VALOREM: a second collaboration to establish their partnership in the energy transition.

The two companies had previously signed a PPA relating to the purchase of electricity produced by an agri-PV demonstrator in the Landes, placing emphasis on the Research and Development aspect of the project and allowing Groupement Les Mousquetaires to deepen its thoughts on agrivoltaism.

This time, the ambition focuses on the production volume and the financial issues of such PPAs: these first wind PPAs for VALOREM, the 4th and 5th for the Groupement Les Mousquetaires, concern a total of 1.1 TWh over a period of 20 years. This electricity will be dedicated to supplying the points of sale, logistics bases and production units in France of the Les Mousquetaires Group.


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