Carrefour accelerates its solar power rollout: agreement with Greenvolt for 120 stores in France

Carrefour Property has signed an agreement with Greenvolt Next, a Greenvolt Group company specialising in decentralised renewable energy solutions for the commercial and industrial sectors, for the construction of solar carports in the car parks of Carrefour stores in France.

The partnership provides for a total installed capacity of approximately 25 MWp and the installation of approximately 45.000 solar panels.

The project

The project will be implemented at 120 Carrefour sites throughout France. Each installation will be adapted to the specific operational and technical characteristics of each store, taking into account the configuration of the car parks, underground utilities, customer flows, the stores' operational continuity, connections to the electricity grid and authorisation requirements.

As part of the 20-year partnership, structured as a Power Purchase Agreement (Ppa), Greenvolt Next will provide a turnkey solution comprising the financing, preliminary studies, development, construction, operation and maintenance of the solar installations.

The estimated annual production will cover a significant share of the electricity needs of the stores involved, helping to reduce Carrefour's exposure to energy price volatility and promoting the decarbonisation of the Group's property portfolio.

The comments

“This partnership with Carrefour Property reflects the strength of Greenvolt Next's pan-European platform. Our direct experience gained from similar projects with other major retail operators enables us to offer each market a proven model, supporting large companies in their energy transition journeys,” said João Manso Neto, ceo of Greenvolt Group.

“This agreement allows us to accelerate the integration of solar power generation into our property portfolio in France, while improving the customer experience and supporting the energy transition of our stores. In addition to the environmental benefits, this partnership ensures greater long-term financial predictability, helping to protect us from electricity price volatility and strengthening our overall commitment to sustainability,” said Evan Linker, global energy director at Carrefour.

“Our fully integrated approach and ability to offer a turnkey solution combining financing, development, construction and long-term operation have enabled Greenvolt Next to support Carrefour Property in accelerating its energy transition journey through technically robust and economically efficient solutions,” said Gino Gauthier, ceo of Greenvolt Next's distributed generation business.

This article was translated from the original Italian version with the assistance of artificial intelligence. In case of discrepancies, please refer to the original Italian version.