May 21 (Renewables Now) - French specialised retailer Boulanger has entered into an exclusive partnership with Voltalia SA (EPA:VLTSA) to source 100% of its energy from renewable sources.
The agreement also stipulates the signing of an initial corporate power purchase agreement (PPA) that enables the construction of a 5-MW solar park. This facility will be built, owned and operated by Voltalia, with completion expected before the end of 2022.
Under the partnership, Boulanger has pledged to buy its electricity in priority from new wind and solar plants. Starting July 1, 2019, the retailer will source 100% of its energy from renewable sources, but mainly from existing hydropower plants.
"Not only are we switching to 100% renewable electricity with our current supplier, but we are also backing the construction of new renewable plants thanks to our long-term power purchase agreements," said Etienne Hurez, CEO of Boulanger.
Voltalia said in a statement that the 25-year corporate PPA tied to the 5-MW solar park is the first of its kind in France.