Société Générale Group has announced the signature of a 20-year Power Purchase Agreement (PPA) with French producer JP Energie Environnement (Jpee).

This long-term commitment is for the creation of a photovoltaic power plant in the commune of Arpheuilles (Centre-Val de Loire).

Scheduled for delivery in 2026, the plant's electricity output will cover between 10% and 15% of the annual consumption of the bank's central services and network in France, i.e. an estimated 16.7 GWh of energy per year.

The project involves the producer's use of 14.2 hectares of grazing land on one of the tranches of the Arpheuilles solar park, while ensuring that the agricultural activity on site (sheepfold and sheep farming) is preserved.

The energy generated by the solar panels, chosen for their low carbon footprint, will be fed into the French power grid.

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