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Innogy seals hydro PPA in France with BCM Energy

Author: U.S. Army Corps of Engine. License: Creative Commons, Attribution 2.0 Generic.

January 22 (Renewables Now) - German energy company Innogy SE (ETR:IGY) has entered into a two-year deal that calls for the supply of hydropower in France to local renewable energy trader BCM Energy SAS.

The freshly signed power purchase agreement (PPA) has become effective at the start of the year. It represents a bundle of the electricity and associated green credentials generated by Innogy’s two hydroelectric plants in Courlon. The deal could be extended after the initial two years end, and Innogy could even add more renewable power sources.

BCM Energy will, in turn, sell the electricity to its own customers, who, it says, are increasingly looking to buy renewable power.

“We will increase the number of such contracts in order to directly and sustainably deliver 100% green supply in real time,” said Albert Codinach, CEO of BCM Energy.

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

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