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Valorem, a prominent energy producer, initiated a consultation with market buyers seeking Power Purchase Agreements (PPAs) for various wind and solar projects in development. Following a thorough evaluation process, Valorem has chosen the Alliance group, a federation of agri-food Small and Medium Enterprises (SMEs), as the buyer for the electricity generated by the future Vigeant photovoltaic park. This agreement spans a period of 20 years.
Situated on a plot of land owned by Sodem, a French sheep and goat meat slaughterhouse, the Vigeant photovoltaic park will include a sheep pasture and is projected to generate approximately 12.4 gigawatt-hours (GWh) annually, covering 15% of the Alliance group’s energy needs.
Valorem’s decision to partner with the Alliance group stemmed from the need to secure an outlet for the Vigeant project, which was ineligible for CRE calls for tender due to its location on agricultural land. With a track record dating back to 1994, Valorem has financed over 865 megawatts (MW) of renewable electricity installations and currently holds a portfolio of 6.15 gigawatts (GW) of projects under development. In 2023 alone, its assets produced 1.2 terawatt-hours (TWh) of green electricity.
On the other hand, the Alliance federation sought a reliable supply of renewable electricity at a stable price. Energy purchases constitute a significant expenditure for the group, particularly for its facilities involved in the production of frozen and fresh goods, which rely heavily on refrigeration.
Virginie Vivalda, PPA market manager at Volterres, a Corporate Social Responsibility (CSR) platform facilitating sustainable energy transactions, emphasizes the increasing interest in PPAs and green energy solutions among mid-sized companies across various sectors. Volterres played a crucial role in facilitating the partnership between Valorem and the Alliance group, providing expertise and support to both parties in realizing their respective goals. |
