Watson Farley & Williams (“WFW”) advised independent French renewable energy producer ZE ENERGY on the drafting and negotiation of a long-term green power purchase agreement (“CPPA”) with Orange France.
This green CPPA covers a 15-year period and will operate an annual capacity of 90 GWh produced by a new hybrid solar power plant. Under construction in the Landes region of Southwestern France, the project will combine a 77 MWp photovoltaic power plant with a lithium-ion battery storage system with a capacity of 14.8 MW / 33.5 MWh. The plant will be connected to the Enedis network by early 2025.
This is Orange France’s first CPPA with an operator of hybrid “photovoltaic + storage” power plants, enabling it to supply its networks and infrastructure with competitive renewable energy at a stable price.
ZE ENERGY develops, finances, builds and operates hybrid power plants combining photovoltaics and storage across continental Europe. By 2025, it aims to have a 770+ MW portfolio of solar projects with an operating battery capacity of over 350 MWh.
The multidisciplinary WFW Paris team that advised ZE ENERGY was led by Regulatory & Public Law Partner Laurent Battoue, supported by Associate Amandine Collard. Finance Partner Laurence Martinez-Bellet and Associate Julie Michelangeli assisted on the bankability aspects.
