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METRO France and Boralex Sign 20-Year Power Purchase Agreement
METRO France and Boralex Sign 20-Year Power Purchase Agreement Canada NewsWire ...
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[{"type":"text","content":"\n \n \n \n METRO France and Boralex Sign 20-Year Power Purchase Agreement\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n PARIS\n \n ,\n \n Nov. 30, 2021\n \n /CNW/ - Boralex Inc. (\"Boralex\" or the \"Corporation\") (TSX: BLX) announced today it has signed a power purchase agreement (corporate PPA) with METRO France. This corporate PPA with \"additionality\"* will allow the financing of the construction of the Grange du Causse solar power plant, located in the commune of Pézènes-les-Mines, 60 km from\n \n Montpellier\n \n , Occitania.\n \n \n \n The Grange du Causse power plant will generate 15.9 MWc and produce about 23 GWh/year. Boralex will build and operate this facility.\n \n \n \n Through this agreement, Boralex, a leader and pioneer in\n \n France's\n \n renewable energy sector, will supply METRO France, the leading independent food service provider, with the power generated by the solar power plant for 20 years, starting in 2024.\n \n \n \"This new contract reaffirms METRO's strong ambition to decarbonize its energy. Already nearly 25% of our power supply comes from renewable sources and the objective is to reach 50% in 2025 and 100% in 2030,\" said\n \n Pascal Peltier\n \n , CEO of METRO France.\n \n \n With this project, Boralex continues to roll out the strategic plan it launched in\n \n June 2021\n \n . The sale of green energy to industrial companies, a major pillar of this plan, complements the growth based on contracts backed by states. By securing this first corporate PPA with additionality, Boralex proves its ability to provide solutions that adapt to businesses' need for competitive and green power supply.\n \n \n \"Th...