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Voltalia Launches The First Multi-Buyer Green CPPA In Europe

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Voltalia launches a 56-megawatt photovoltaic power plant with ten companies, customers of LCL, which will be able to accelerate their energy transition by directly accessing the green electricity produced.

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Through this CPPA, these 10 companies, along with LCL, will share 100% of the electricity produced by a new photovoltaic power plant over the next 20 years. The plant is also home to a pastoral activity that promotes local development. For its part, LCL will provide the guarantee mechanism and common rules to ensure the solvency and proper functioning of this grouping throughout the duration of the project.

At the end of 2020, LCL and Voltalia joined forces on an innovative project to enable large and medium-sized companies, among the most sensitive to the issues of transition and energy mix, to benefit from contracts securing their long-term supply of renewable electricity, produced in France and based on guaranteed capacities and prices.

Air France, Bonduelle, Daco Bello, Groupe Fournier, Gerflor, Isigny-Sainte-Mère, Laiterie de Saint-Denis de l’Hôtel, Menissez, Paprec, Serge Ferrari are the ten companies.

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“This project was born of the desire to give our corporate customers direct and competitive access to green energy of guaranteed origin, volume, and price. It was a daring challenge, but everyone’s enthusiasm enabled us to overcome the obstacles and bring this first Green CPPA to life. Many thanks to the 10 participating companies who have demonstrated a first-rate environmental commitment and a remarkable forefront spirit. This CPPA is also further proof of LCL’s commitment to provide concrete support to its corporate customers in their efforts to achieve the energy transition and sustainable economy, as supported by the LCL Smart-Business open-banking program”, said Olivier Nicolas, Member of the Executive committee Corporates – Wealth – ESG.

“Voltalia is a company whose objective is to offer renewable and competitive energy to as many people as possible. This is why it is a pioneer in setting up a multi-buyer Green CPPA that is unprecedented in Europe, enabling companies of different sizes to become involved in the energy transition”, said Sébastien Clerc, CEO of Voltalia.

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Voltalia provides green electricity at a competitive price to the group’s customers. The multi-buyer scheme allows for an economy of scale by pooling the needs of companies. By opening up the possibility of consuming green energy to a larger number of economic players, Voltalia and LCL hope to trigger a virtuous circle of consumption among the bank’s partners, regardless of their size or sector. In this way, the companies are confirming their commitment to CSR, by enabling the construction of an additional solar power plant on the national grid.

The plant will be home to agricultural activity, adding a local co-development dimension to this project, in line with Voltalia’s mission to “improve the global environment by promoting local development. Voltalia is responsible for the construction and operation of the plant.

LCL is a subsidiary of Crédit Agricole SA and is one of the largest retail banks in France. Its ambition is to be the benchmark urban bank for one in seven city dwellers, one in two small and intermediate-sized enterprises, and one in three SMEs.

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Voltalia produces and sells electricity generated from wind, solar, hydraulic, biomass, and storage facilities that it owns and operates. Voltalia has generating capacity in operation and under construction of more than 1.9 GW and a portfolio of projects under development representing a total capacity of 10.7 GW. 

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