Setting itself the ambitious environmental commitment to achieve carbon neutrality for all of its sites by 2025, including around thirty in France including its 11 factories, the L'Oréal Group signs several contracts with the EDF group which participate in the achievement of this objective:
- direct purchase contracts for electricity from renewable sources (Corporate Power Purchase Agreement or C-PPA) with EDF Renouvelables, based on the production of two solar parks;
- a contract with Agregio, to aggregate the production of these solar parks;
- an electricity supply contract with EDF over 2024 and 2025 to supply the L'Oréal Group's production sites in France, integrating the volume of the PPA.
For 10 years, the leader in the cosmetics sector has been working with the EDF group to reduce its consumption and CO2 emissions, through optimized and specific solutions (water heating, ambient conditioning of premises, use of renewable and local energies , certification of guarantees of origin).
These direct purchase contracts for electricity from renewable sources concern the supply for 15 years of the entire production of two solar power plants to be built and operated by EDF Renewables. With these contracts, the L'Oréal Group will benefit from a controlled purchase price over the long term, will guarantee the renewable origin of the electricity thus purchased and will develop new capacities for its activities.
Located in Corrèze and the Vosges, and with a cumulative installed capacity of 27 MWp, these two solar power plants, whose commissioning is planned respectively by the third quarter of 2024 for the first and the second quarter of 2025 for the second , will produce the equivalent of 25% of the electricity consumption of the L'Oréal Group in France[1].
The signing of these two new contracts adds to the 5.3 GW of PPA of renewable origin signed by the EDF group worldwide since 2010, making the EDF group one of the major players in this sector. They register and participate in the ambitions of the EDF group's Solar Plan, which aims to become one of the leaders in photovoltaics in France by 2035.[2].
In support of this contract, Agregio, a subsidiary of EDF, will ensure that the intermittent energy of the two power plants is transformed into a firm volume of electricity, before transferring it to EDF as the electricity supplier of the L'Oréal Group in France.
Finally, EDF is renewing the L'Oréal Group's electricity supply contract, integrating the volume of the solar PPA as well as additional consumption coverage through guarantees of origin, for the years 2024 and 2025. This contract will allow supply the thirty French sites of the L'Oréal Group with green electricity[3].
With its sustainable development program “L'Oréal for the Future”, the L'Oréal Group is continuing its ambitious and proactive policy of decarbonizing its energy with the aim of reducing the carbon footprint of its 100% sites by 2025[4].
In line with its purpose, EDF aims to create services and solutions to support customers and territories in their objectives of reducing their carbon footprint.
Audrey Izard, Indirect Purchasing Director L'Oréal Group explains: “This PPA is in line with our commitments made as part of the L’Oréal for the Future Program in order to sustainably consume renewable energy for all of our activities. For L'Oréal, creating beauty that responsibly moves the world forward requires close collaboration with our partners. It is in this spirit of an extended ecosystem that we innovate and develop sustainable solutions with EDF. ".
Alexandre Levy, Director of PPAs in France at EDF Renewables declares: “We are proud to sign a new long-term partnership with the L’Oréal Group, and thus contribute to its decarbonization objectives. The production of our two future solar power plants will be added to that of another wind farm in operation which has already been supplying electricity for L'Oréal sites for two years. The EDF Renewables teams are keen to support companies in their energy ambitions for the Energy Transition, by offering low-carbon electricity supply solutions. ".
Sylvain Guédon, Managing Director of Agregio is delighted to support the L'Oréal Group in its energy transition and specifies: “Agregio plays the role of a transmission belt. From the production of the two solar parks, we guarantee L'Oréal the delivery of a fixed volume of energy over time. This low-carbon energy will make it possible to directly meet part of its consumption. It is therefore an additional brick to help companies reduce their carbon footprint. ".
Stanislas Landry, Key Account Director of EDF expresses its pride in continuing to innovate with the L'Oréal Group: “EDF's Large Accounts Department made it possible to bring together all the expertise of the EDF group specific to such a project. The ambitious objectives of the L'Oréal Group in its energy transition have found an echo in the raison d'être of the EDF group, and challenge us on subjects that are still recent in France such as PPAs. The simultaneous signing of these production, aggregation and supply contracts to build this solar PPA is a first for the EDF group. It shows our ability to meet the needs of our customers and anchors our excellent relationship between the L'Oréal Group and the EDF group. »
About EDF
A major player in the energy transition, the EDF group is an integrated energy company, present in all businesses: production, transport, distribution, trading, energy sales and energy services. Leader in low-carbon energies in the world, the Group has developed a diversified production mix based mainly on nuclear and renewable energy (including hydraulics) and is investing in new technologies to support the energy transition. EDF's purpose is to build a CO2-neutral energy future reconciling preservation of the planet, well-being and development, thanks to electricity and innovative solutions and services. The Group participates in the supply of energy and services to approximately 38.5 million customers (1), including 29.3 million in France (2). In 2021, it achieved a consolidated turnover of 84.5 billion euros. EDF is a company listed on the Paris Stock Exchange.
(1) Customers have been counted since 2018 by delivery site; a customer can have two delivery points: one for electricity and another for gas.
(2) Including ÉS (Electrcité de Strasbourg) and SEI.
PRESS CONTACT
Press service ▪ tel: +33 (1)1 40 42 46 37 ▪ email: service-de-presse@edf.fr
About the L'Oréal Group in France:
Born in France in 1909, the L'Oréal Group has become the world leader in beauty and is dedicated to a single goal: realizing the beauty aspirations of consumers around the world. Our reason for being, to create the beauty that advances
world, defines our vision of beauty, inclusive, ethical, generous and responsible. With ambitious social and environmental commitments shared through our L'Oréal for the Future program, we work to offer our consumers the best in beauty in terms of quality, effectiveness, safety, sincerity and responsibility, while celebrating beauty in its infinite diversity. With more than 14,000 committed employees and a territorial and industrial base including 11 manufacturing plants, the L'Oréal Group in France maintains a strong presence in France. In this framework, “L'Oréal France” brings together the activity of the Group's 4 operational divisions on the French market and our distribution centers in France, preserving their individuality and their particularities, depending on the distribution circuits. With a portfolio of more than 50 brands (L'Oréal Paris, Lancôme, La Roche-Posay, Kérastase, etc.) including more than 20 mainly marketed in France (Mixa, DOP, Narta, Cadum etc.), France is the 3rd country of the L'Oréal Group in terms of turnover and produces more than 26% of global production.
For more information: www.loreal.com
Follow us on Linkedin and Twitter @lorealfrance
PRESS CONTACT
Agathe Watine ▪ tel: +33 (0)6 76 21 74 77 ▪ email: agathe.watine@loreal.com
About EDF Renewables
EDF Renewables is an international leader in renewable electricity production with installed wind and solar capacity of 10.1 GW net (15.6 GW gross) worldwide. Mainly present in Europe and North America, EDF Renewables continues its development by taking a position in promising emerging markets such as: Brazil, China, India, South Africa and the Middle East. Historically active in onshore wind power and photovoltaics, the Company is now strongly positioned in offshore wind power and new technologies such as energy storage. EDF Renewables ensures the development and construction of renewable energy projects as well as their operation and maintenance. EDF Renewables is a subsidiary of the EDF group.
For more information: www.edf-renouvelables.com
Follow us on Linkedin: https://www.linkedin.com/company/edf-renouvelables and on Twitter @EDF_RE in French and
@EDF_Renewables in English.
PRESS CONTACTS
Manon de Cassini-Hérail ▪ tel. : +33 (0)1 40 90 48 22 ▪ email: manon.decassini-herail@edf-re.fr
Eugénie Gai ▪ tel. : +33 (0)1 41 02 78 31 ▪ email: eugenie.gai@edf-re.fr
Emilien Lacroix ▪ tel. : +33 (0)1 40 90 21 48 ▪ email: emilien.lacroix@edf-re.fr
About AGREGIO
A leading aggregator in France with a portfolio of more than 4 GW under contract, Agregio optimizes renewable energy production, consumption reductions and flexibilities (in particular linked to storage assets). Agregio is a subsidiary at 100% of EDF SA.
For more information: https://www.agregio.com/
Follow us on Linkedin: https://www.linkedin.com/company/agregio-groupe-edf and on Twitter @agregio.
PRESS CONTACTS
Anne-Cécile Drexler-Six ▪ tel. : +33 (0)6 43 43 51 62 ▪ email: anne-cecile.drexler-six@edf.fr
1 https://www.loreal.com/fr/france/news/engagements/nos-actions-en-matiere-energetique-et-environnementale/ A
green electricity contract is an electricity contract in which all or part of the energy supplied is certified by
Guarantees of Origin. These guarantees attest that a volume of energy from renewable sources equivalent to the volume
retained was injected into the network.
2 https://www.edf.fr/plan-solaire
3 https://www.loreal.com/fr/france/
4 https://www.loreal.com/fr/nos-engagements/pour-la-planete/