Chanel and REDEN announce the signing of a 20-year Power Purchase Agreement (PPA).
The energy produced by two new photovoltaic power plants, located in Charente-Maritime and Aude, will allow Chanel to cover 30% of its electricity consumption in France, starting January 1, 2026. These plants are co-owned by both companies, with Chanel holding 49% and REDEN holding 51% within the joint venture.