PARIS, Nov. 30, 2021 /PRNewswire/ - 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
Montpellier, Occitania.
- The Grange du Causse power plant will generate 15.9 MWc and
produce about 23 GWh/year. Boralex will build and operate this
facility.
Through this agreement, Boralex, a leader and pioneer in
France's 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.
"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 Pascal
Peltier, CEO of METRO France.
With this project, Boralex continues to roll out the strategic
plan it launched in June 2021. 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.
"The Grange du Causse site is our first solar project built from
scratch based on a corporate PPA. We are particularly proud to now
count METRO France among our clients. With this contract, we are
now providing over 200 GWh/year in wind and solar power through
corporate PPAs ranging from 3 to 20 years. This strengthens our
position as a leader in green energy sales through a comprehensive
and flexible service offering that meets the needs of businesses
for a responsible, cost-efficient power supply," said
Nicolas Wolff, Vice President and General Manager Boralex,
Europe.
*A corporate PPA
with additionality contributes to the development of new, renewable
power supply capabilities, and enables to secure the funds
necessary for a future asset's construction and
commissioning.
|
About Boralex
At Boralex, we have been providing affordable renewable energy
accessible to everyone for over 30 years. As a leader in the
Canadian market and France's
largest independent producer of onshore wind power, we also have
facilities in the United States
and development projects in the United
Kingdom. Over the past five years, our installed capacity
has more than doubled to 2.5 GW. We are developing a portfolio of
more than 3 GW in wind and solar projects and nearly 200 MW in
storage projects, guided by our values and our corporate social
responsibility (CSR) approach. Through profitable and sustainable
growth, Boralex is actively participating in the fight against
global warming. Thanks to our fearlessness, our discipline, our
expertise and our diversity, we continue to be an industry leader.
Boralex's shares are listed on the Toronto Stock Exchange under the
ticker symbol BLX.
For more information, visit www.boralex.com or www.sedar.com.
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SOURCE Boralex Inc.