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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Kenya Tillerson – tillerson@dsavocats.com
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Virginie Jubault – v.jubault@avocom.fr
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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.
DS Avocats has developed expertise in the renewable energy, electricity, gas, oil and nuclear sectors, covering the entire energy value chain. Its lawyers offer a service ranging from advice on the legal, financial and tax structuring of projects to the defense of their interests before administrative and judicial authorities.