Carrefour inks PPA with Engie for wind, solar mix in Spain

Engie Espana, part of French utility group Engie SA (EPA:ENGI), has signed a ten-year power purchase agreement (PPA) to supply renewable energy to another French company operating in Spain.

The energy firm said on Thursday that it has secured a corporate PPA with supermarket chain Carrefour, to which it will supply around 180 GWh of electricity per year.

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Under the agreement, Carrefour will be powered by four Engie assets, two wind farms and two solar farms, as it moves to reach 100% renewable energy use by 2030. This PPA will enable the supermarket company to cover nearly 30% of its consumption in Spain.

Carrefour also continues to invest in self-consumption and currently has over 290,000 square metres of solar panels in 140 stores, Engie Espana said.