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.
A major player in the development and operation of photovoltaic power plants and energy storage, REDEN has appointed Olivier RENON as Group Development Director. With over 20 years’ experience in renewable energies, Olivier’s mission is to consolidate REDEN’s presence in its existing markets and further expand into Europe.
Roquefort (47), July 10, 2024 – REDEN has today announced the appointment of Frank Demaille as Chief Executive Officer.
After 15 years of leadership, Thierry Carcel is handing over to Frank Demaille as CEO. Under Mr Carcel’s leadership, REDEN has significantly grown from 10 MW in operation in 2008 to 1 GW today, with a pipeline of more than 10 GW. With an approach rooted in regional development, his vision and strategic decisions have propelled the Group to become one of the key players in the photovoltaic energy sector as well as a pioneer in agrivoltaics in France.
