Société Générale signs 20-year solar agreement with JP Energie Environnement

Representative image. Image source: Canva

Societe Generale Group announced the signing of a major 20-year power purchase agreement (PPA) with French producer JP Energie Environnement (JPee), marking a key step in accelerating the development of green energy production capacity in France.


The cooperation aims to build a photovoltaic station in Arpheuilles, a city in the Loire Valley region of central France. Scheduled for completion in 2026, the plant is expected to cover 10% to 15% of Société Générale’s central services and network’s annual energy consumption, which is expected to be 16.7 GWh per year.


JPee will install solar panels on 14.2 hectares of pasture within the Arpheuilles Solar Park, while ensuring the protection of agricultural activities on site, particularly sheep farming. The energy generated by the solar panels, chosen for their low carbon footprint, will be fed into the French grid.

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This strategic partnership not only strengthens the competitiveness of independent producer JPee in the French renewable energy market, but also facilitates project financing of new facilities and investments. The PPA framework is the fourth long-term power supply contract awarded to JPee since 2023, underscoring its commitment to sustainable energy solutions.

Société Générale’s participation underlines its dedication to the energy transition and is in line with the Group’s decarbonization trajectory. Notably, in 2019, Société Générale became the first bank in France and one of the first companies to sign a three-year wind energy supply contract with EDF, further solidifying its commitment to sustainable practices.

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