French administration has aimed to ramp up the number of PPA deals by establishing a fund to support companies engaging in contracts. In November 2022, the French minister for Economy announced a partnership with lender Bpifrance. The deal will aim to guarantee contracts that when complete, will have an installed capacity of 800MW. In this article, we will investigate some of the largest green energy companies that specialize in the arrangement and development of PPA contracts.
1) Akuo Energy – Wind, Solar, Hydro, and Biomass developer based in Paris
Akuo Energy was founded in 2007 and has specialized in renewable energy development. To date, the group has an installed capacity of 1.8GW and a potential pipeline of over 20GW. Akuo considers themselves experts in corporate PPAs and is able to optimize green power sales through the agreements. In March 2022, the Parisian-based group signed a PPA with Botswana Power Corporation for 3 projects located in Gantsi, Lobatse, and Maun with a total installed capacity of 12MW.
2) Cap Vert Energie – Solar, Hydro, and Biomass developer based in Marseille
Cap Vert Energie (CVE) is a utility-scale independent power producer that develops solar, hydro, and biomass projects. CVE has a total installed capacity of 550MW and a potential project pipeline of 2.3GW which they aim to fulfill by 2026. By 2024, the group is targeting 930MW of solar globally and 690MW in France. In order to meet these lofty targets, the group will lean on PPAs to guarantee income and predict margins.
3) Voltalia – Solar, Wind, Hydro, and Storage developer based in Paris
Voltalia is a global developer of renewable projects, the Parisian-based group has projects in over 20 countries across 3 countries. Their installed capacity is over 1GW and a potential project pipeline of 13.6GW. In 2021, the French group signed a 20-year PPA with 11 French companies to commission a 56MW solar park in France. The project was the “first green multiple-purchaser PPA in Europe” at the time and some of the companies involved were Orange and Air France.