Les Mousquetaires Group and Kallista Energy sign 3 long-term power purchase agreements for a total of 100 GWh of wind power per year
Through its subsidiary Bonacieux Energies, Groupement Les Mousquetaires, a major player in the French retail sector, has signed its first contracts for the purchase of electricity from wind farms with Kallista Energy, an independent producer of renewable energy. These cPPAs (Corporate Power Purchase Agreements) will enable Groupement Les Mousquetaires to further secure its electricity supply from production sites located close to its own sales outlets, and will enable Kallista Energy to finance the repowering of 3 additional wind farms.
Kallista Energy is preparing the repowering of 3 wind farms in Les Hauts de France, for a total of 35.2 MW. The turbines on these farms will be replaced by more efficient machines that will produce more electricity with the same number of turbines. The wind farms will be commissioned in 2024.
All the electricity produced by these 3 wind farms, i.e. around 100 GWh per year, will be purchased by Le Groupement Les Mousquetaires, through its subsidiary Bonacieux Energies, for a period of 20 years.
These cPPAs will enable Groupement Les Mousquetaires to further secure its electricity supply while moving closer to its target of renewable electricity in its energy consumption. Purchase agreements for electricity from wind energy are a first for the Groupement Les Mousquetaires, which has previously signed cPPAs for photovoltaic electricity.
“We are very proud to be working with Groupement Les Mousquetaires on their first wind power purchase agreements. Thanks to this new 20-year partnership, we will very quickly be able to renew our 3 wind farms, which are among the oldest in our portfolio, and thus make a greater contribution to the move away from fossil fuels. The fact that major companies that are leaders in their markets, such as Groupement Les Mousquetaires, are choosing to turn to wind power is further proof of the competitiveness of this energy and of the need to speed up its development in order to electrify all areas of our economy as quickly as possible“, explains Frédéric Roche, CEO of Kallista Energy.
“Since 2021, the Groupement has been diversifying its electricity supplies by signing more cPPAs. This new partnership is part of our drive to reduce our energy costs and limit the exposure of our outlets to the volatility of energy market prices. For these first wind energy cPPAs, we chose Kallista Energy because of its long-standing presence in France, and because of the opportunity to participate in the renewal of wind farms, the oldest of which has been in operation since 2007. This approach is also in line with our strategy of decarbonising our activities“, explains Bruno Breyne, Intermarché business manager, head of Les Mousquetaires Group’s Energy Department.
Kallista Energy’s partners in the implementation of this APP:
> Lawyers: Clifford Chance, Me Gauthier Martin (PPA)
> Project finance: SaarLB and BNP Paribas
> Manufacture and maintenance of wind turbines: Vestas
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About Kallista Energy
Founded in 2005, Kallista Energy is an independent renewable energy producer whose mission is to produce electricity at the best cost – economically and environmentally – for the energy transition and electric mobility. With its team of 65 employees, the company’s activities cover the entire value chain of renewable energy projects: development, financing, construction in conjunction with specialist partners, operation and maintenance of wind farms and dismantling/renewal of facilities. Kallista Energy currently operates 38 wind and solar farms in France, the Netherlands and Germany, totalling 438 MW. In the Netherlands, Kallista Energy also owns 40% of the 102 MW Krammer wind farm.
In addition to operating its renewable energy farms and developing new projects, Kallista Energy has initiated the development of a network of 90 very high-power recharging stations, most of which will be directly connected to wind turbines, for electric vehicles in France.
Kallista Energy is backed by funds advised by Ardian on behalf of APG and Axa, its institutional shareholders.
About Les Mousquetaires Group
Founded in 1969, the Les Mousquetaires Group brings together more than 3,000 independent business leaders and 150,000 employees to serve the performance of nearly 4,000 local sales outlets in France, Belgium, Poland and Portugal. At the head of their outlets, the Mousquetaires business managers form a group of entrepreneurs involved in the socio-economic fabric of their territories. The Group comprises the Intermarché and Netto (food) banners; Bricomarché, Brico Cash and Bricorama (DIY) banners; Roady and Rapid Pare-Brise (mobility) banners; and a food division with 56 plants, all located in France, as well as integrated logistics, property management and its own support services. A major player in the mass retail sector, it will have a turnover of €54.4 billion including fuel by 2022. To follow the Group’s news: www.mousquetaires.com – @mousquetairesfr