French DIY retailer Leroy Merlin to buy solar power in Russia

The Russian branch of French do-it-yourself (DIY) retailer Leroy Merlin will operate three more shopping centres using renewable power sourced from local photovoltaics (PV) manufacturer Hevel.

According to a press release by power distribution firm Mosenergosbyt JSC, which mediated as a third-party in the newly-signed bilateral agreement between the two parties, Leroy Merlin will buy power from a 30-MW solar power plant in Novovarshavka, Omsk Oblast.

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The contract is effective as of June 2 and follows the same mechanisms as green certificates, similar to power purchase agreements (PPAs) in their basic form, Hevel explained in its own statement.

The beneficiaries from the deal are three stores in Kemerovo Oblast and Krasnoyarsk Krai.

Hevel manages more than 1 GW of solar power generating capacity in Russia and overseas, shows information on its website.