Boralex inks 15.9-MWp solar PPA with Metro France

Canadian renewable power producer Boralex Inc (TSE:BLX) has signed a contract with Metro France calling for the food services provider to buy power from a 15.9-MW DC solar project in France.

The parties have signed a power purchase agreement with “additionality” that will enable the financing of the construction of the Grange du Causse photovoltaic (PV) scheme, Boralex said on Tuesday. The PPA will be in force for 20 years, starting from 2024.

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To be installed in the commune of Pezenes-les-Mines, in the Occitania region of southern France, the solar farm will be capable of producing around 23 GWh of electricity annually. Boralex will take care of its construction and operation.

The deal will support Metro France’s decarbonisation efforts and its goal to source 50% of its power from renewables by 2025. The wholesale food retailer’s ultimate goal is to switch to 100% renewables in 2030.

"The Grange du Causse site is our first solar project built from scratch based on a corporate PPA,” said Nicolas Wolff, vice president and general manager Boralex, Europe.

Including the contracted capacity in the latest deal, Boralex is providing over 200 GWh of wind and solar power annually through corporate PPAs, the Canadian firm noted.