Linklaters has advised Voltalia, an international player in renewable energies, on the signing of a renewable electricity supply contract with Renault Group.
The contract covers a total capacity of 350 megawatts, representing the production of approximately 500 gigawatt hours per year. With a duration of 15 years, this is an unprecedented commitment in France in terms of power.
Voltalia will install 100 megawatts of photovoltaic panels at its sites in France starting in 2025. The capacity made available to Renault by Voltalia will make it possible to reach 350 megawatts in total and cover up to 50% of the electricity consumption of the manufacturer’s production activities in France in 2027, including the electricity consumption of ClĂ©on, as well as all the sustainable electricity needs of the ElectriCity hub, Europe’s largest and most competitive electric vehicle production centre, whose ambition is to produce 500,000 vehicles per year by 2025.
This agreement is part of Renault Group’s “Renaulution” strategic plan, which has announced its intention to accelerate the decarbonisation of its plants in France, and to achieve net zero carbon for its plants in the ElectriCity division in France in 2025, in Europe in 2030 and worldwide in 2050.
The Linklaters team in Paris was led by Financing, Energy and Infrastructure counsel Samuel Bordeleau and associate Emma Lavaysse Di Battista, under the supervision of François April, partner in charge of Linklaters’ renewable energy practice in Paris.
