A DS Avocats team composed of Véronique Fröding, Stéphane Gasne and Grégory Gutierrez, partners, advised the Fnac Darty group on the signing of a greenfield PPA with Valeco, a leader in renewable energy projects from their development to their dismantling.
The PPA (power purchase agreement) covers the production of a photovoltaic park to be built in the Centre-Val de Loire region, with an installed capacity of 20MW. This future solar farm, which will be built in 2023, will cover 16% of the annual energy consumption of Fnac Darty sites in France.
As part of the group’s commitment to reduce its carbon emissions by 50% by 2030, this new PPA follows on the heels of a previous wind power purchase agreement signed in January 2021 with Valeco. Combined, the two contracts will represent one third of the group’s annual consumption.
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Founded in Paris in 1972, DS has nearly 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 both advice and litigation, assisting its French and foreign clients in all areas of business law, both in France and internationally.
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