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

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.

According to Alberto Bustío, CFO of LEROY MERLIN Spain: “This agreement represents a fundamental milestone in our roadmap towards decarbonization, making tangible progress in reducing our carbon footprint. Choosing renewable energy generated in Spain reinforces our commitment to a fair and local energy transition, allowing us to continue decarbonizing our operations.”

Francisco del Rio, Head of Power Sales at NTR said: “We are extremely excited to partner with LEROY MERLIN Spain, the leading home improvement company, on this 10-year virtual Corporate Power Purchase Agreement. Corporate PPAs play a pivotal role in both supporting business’ sustainability goals and driving the energy transition across Spain and the rest of Europe.”

Clean Energy from Spain

The virtual solar PPA model signed with the NTR managed Ciudad Real solar asset enables LEROY MERLIN to actively contribute to the development of renewable infrastructure in Spain. The energy will be generated from the Picón photovoltaic park and injected directly into the national grid.

This partnership marks another step in the company’s decarbonization objectives, which already include an energy efficiency plan for all its buildings. It adds a new milestone to its commitment to reduce its carbon footprint by 50% before 2035 and achieve neutrality by 2050, aligned with the global goals of the ADEO Group, parent company of LEROY MERLIN, and the Paris Agreement.

The agreement is certified through Guarantees of Origin (GoOs) issued by the CNMC (Spanish National Commission on Markets and Competition), confirming that the energy acquired comes from 100% renewable sources.

A Mission: Decarbonizing Operations, Products, and Spanish Homes

Currently, LEROY MERLIN Spain operates entirely with clean energy across its facilities and continues progressing in operational decarbonization, with actions such as the installation of photovoltaic panels in more than 35 of its stores, LED lighting in 120 centres, energy management systems in over 100 establishments, and a 26% reduction in logistics CO2 emissions, thanks to the Lean & Green initiative promoted by AECOC.

In parallel, aligned with its purpose of creating better living and working environments, LEROY MERLIN is leading the decarbonization and energy renovation of Spain’s residential sector through accessible and affordable energy efficiency solutions. One standout initiative is Home Index, a metric that assesses the environmental and social impact of a product throughout its life cycle. It empowers customers to make informed decisions about sustainable consumption while the company works with suppliers to enhance product sustainability.

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