Linklaters advises Voltalia on the first multi-buyer Green CPPA in Europe

Linklaters has advised Voltalia, an international player in renewable energy and the market leader in CPPAs (Corporate Power Purchase Agreements) in France, on the first multi-buyer Green CPPA in Europe. This innovative Corporate PPA, designed and implemented jointly by Voltalia and LCL, will allow ten companies to accelerate their energy transition by directly accessing the green electricity produced by a new 56 MW photovoltaic plant, which was developed and will be built by Voltalia for this purpose.

The ten companies involved are leaders in their sectors: Air France, Bonduelle, Daco France, Groupe Fournier, Gerflor, Coopérative Isigny-Sainte-Mère, Laiterie de Saint-Denis de l'Hôtel, LCL, Menissez, Serge Ferrari and Groupe Paprec.

Through this CPPA, these companies will share 100% of the electricity produced by the plant over the next 20 years. Voltalia will develop and operate the plant in the south of France, which will also host farming operations and thus help promote local development.

Linklaters is delighted to have participated in the structuring and implementation of the first multi-buyer Green CPPA in Europe and to continue its contribution to innovation in the renewable energy sector.

The Linklaters Paris team was led by François April, partner, and Samuel Bordeleau, counsel, along with Enzo Beule, associate in Energy and Infrastructure.