DS Avocats has advised Menissez, a French supplier of industrial bakery products, in the signature, along with 9 other industrial companies, of a new power purchase agreement (PPA) for a 56 MW solar power plant developed by Voltalia in the South of France. This contract is one of the first multi-buyer solar PPAs in Europe.
The ten companies that signed the purchase agreement, including Air France, Bonduelle, Daco Bello, Fournier, Gerflor, Isigny Sainte-Mère, the Laiterie de Saint-Denis de l’Hotel, LCL, Menissez, the Paprec Group and Serge Ferrari, are guaranteed access to green electricity for 20 years at a tariff protected from price volatility. They will share 100% of the production of the future solar power plant to be built in the south of France specifically for their needs.
The participation of the bank LCL in the operation provided the solvency guarantees essential to this project, which will result in the construction of a new 56 megawatt photovoltaic power plant in the Occitanie region.
DS Avocats has developed leading expertise in the renewable energy sector (wind power, photovoltaic and thermal solar energy, marine and hydraulic energy, heating networks, biomass and energy recovery), as well as in electricity, gas, oil and nuclear energy. Our teams offer their clients, in France and around the world, a wide range of services, from advice on the legal, financial and tax structuring of projects to the defense of their interests before administrative and judicial authorities.
We advise historical operators, large industrial groups or SMEs, public authorities, banks and investment funds as well as new players in France and/or abroad on the entire energy value chain.
DS Avocats’ team was composed of Véronique Fröding and Grégory Gutierrez, partners.
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About DS Avocats
Founded in Paris in 1972, DS gathers 400 business lawyers practicing in a network of 24 offices on 4 continents. As the leading French law firm with an international dimension, DS has a dual expertise in consulting and litigation, assisting its French and foreign clients in all areas of business law, both in France and internationally.