LEROY MERLIN Spain signs an agreement with NTR to cover nearly 30% of its annual electricity consumption with solar energy

• The company has signed a virtual solar PPA that will allow it to cover nearly one-third of its annual electricity consumption in Spain over the next decade with renewable solar energy.
• With a contracted energy volume of 45.6 GWh/year, the renewable energy will be generated by Picón solar farm, owned by the L&G NTR Clean Power (Europe) Fund located in Ciudad Real.
• The agreement will enable the company to reduce emissions associated with electricity consumption in its buildings, advancing its goal of achieving climate neutrality by 2050.

Madrid, 11 September, 2025 – LEROY MERLIN Spain, a leading home improvement company, and NTR, an experienced sustainable infrastructure investor and asset manager, have sealed an agreement to further drive LEROY MERLIN’s sustainability strategy and advance the decarbonization of its operations. The collaboration has materialized through the signing of a 10-year virtual solar Power Purchase Agreement (PPA), which will supply approximately 30% of LEROY MERLIN’s annual energy consumption in Spain with solar energy.

This agreement strengthens LEROY MERLIN’s ESG objectives, contributing to its goals of promoting the energy transition and mitigating climate change. Specifically, the contracted energy volume amounts to 45.6 GWh/year from solar energy generated at Picón photovoltaic park, located in Ciudad Real and owned by the L&G NTR Clean Power (Europe) Fund.

The L&G NTR Clean Power (Europe) Fund has invested in solar, onshore wind, offshore wind and battery energy storage assets across Spain and five other European countries. The projects acquired in this Fund to date will produce enough clean energy to power 295,000 homes annually, further driving Europe’s clean energy transition.

You can now read the full press release at the link below