French DIY retailer Leroy Merlin to buy solar power in Russia

Source: Hevel LLC (www.hevelsolar.com)

June 9 (Renewables Now) - 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.

Subscribe for Renewables Now's Corporate PPA Newsletter here for free!

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.

More stories to explore
Share this story
Tags
 
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription
\