Wind power: Voltalia will supply Adeo France (Leroy Merlin) with 20% of its electricity consumption – 2023-02-21 at 18:23


(AOF) – Voltalia, a specialist in renewable energies, announces the signing with the distributor Leroy Merlin of a long-term electricity sales contract (known as “Corporate PPA”) covering all of a farm’s production 23.6 megawatt wind turbine, currently under construction. The brand specializing in housing will buy for 23 years the production of a wind power plant with a capacity of 23.6 megawatts that Voltalia is currently building in the Bourgogne Franche-Comté region. Its commissioning is scheduled before the end of the first half of 2023.

With an annual volume of 60 gigawatt hours, the agreement will allow the various entities of Adeo France, of which Leroy Merlin is a part, to source renewable energy for around 20% of their electricity consumption.

After the signature of a first Corporate PPA in September 2022 with Voltalia relating to the production of a future 30 megawatt solar power plant in the Centre-Val de Loire region, this new contract contributes to the decarbonization strategy of Leroy Merlin and the entities from Adeo France. In total, the Corporate PPAs signed by Leroy Merlin represent 57% of the current electricity consumption of Adeo France entities (Leroy Merlin, Weldom, Bricoman, Adeo Services, K-bane, Zodio, etc.).

AOF – LEARN MORE

Learn more about the Utilities sector

Greater disparities between utilities

The World Energy Markets Observatory highlights a wide disparity in retail energy prices in Europe. Suffering from both the effect of the rise in wholesale prices and high volatility in selling prices to end consumers, the profitability of players is under pressure. While the sixteen largest European energy suppliers benefited last year from a significant increase in their turnover (+47% compared to 2020), their gross operating margin (Ebitda margin) , deteriorated from 20.2% to 19.6%. Those who had to resort to purchasing electricity on the market had to pay these additional volumes much more expensive than the level of sale prices already set and therefore saw their margins deteriorate.

Faced with the lower availability of its nuclear fleet, EDF, renationalised, should post an annual loss of 29 billion euros in 2022. Engie is doing better because it succeeded in reducing its imports of Russian gas in the first half while benefiting from high electricity prices and its increased exposure to renewable sources.



Source link -86