HomeWorld RegionsEuropeIberdrola and Orange sign solar PPA

Iberdrola and Orange sign solar PPA

French telecoms company Orange has signed a long-term renewable energy power purchase agreement with Spanish energy giant Iberdrola.

The deal will see Iberdrola provide energy to 9000 sales offices and buildings that Orange operates in Spain, which is the company’s second-biggest market. Some 200 GWh of electricity will be delivered from a new solar project that Iberdrola will complete this year.

With an installed capacity of 328 MW, the solar plant will be located in the municipalities of Ceclavàƒ­n and Alcàƒ¡ntara, in the province of Càƒ¡ceres. It will be Iberdrola’s third PV project in the region.

Ceclavàƒ­n is part of Iberdrola’s strategy to invest in clean power generation projects in Spain ” where it plans to install 3000 MW by 2022 ” and its commitment to using bilateral agreements with big customers who are committed to sustainable consumption as a way to promote the supply of energy at affordable, stable prices.

àƒngeles Santamaràƒ­a, chief executive of Iberdrola Spain, said: “PPAs open many opportunities to develop the renewable projects that are transforming the present and future energy in our country.

“These long-term energy purchase and sales contracts provide stability to the company’s investments and have also become an optimal tool for managing the electricity supply of large consumers who are committed to clean and sustainable consumption. In addition, these agreements demonstrate the competitiveness of renewables and their ability to supply energy at affordable and stable prices”.

Orange chief executive Laurent Paillassot said the agreement with Iberdrola “reinforces our strategy as a group to achieve carbon emission neutrality by 2040, while also contributing to increasing the renewable energy capacity in Spain”.

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Kelvin Ross
Kelvin Ross is Editor-in-Chief of Enlit Europe and Power Engineering International. A journalist for more than 30 years, he has worked on regional, national and international newspapers, as well as trade magazines serving sectors including insurance, shipping, health and financial markets. He has covered the energy sector for more than 10 years. He helped establish Energy Live News in the UK before joining PEi and he has been ranked among the top 100 global influencers on Twitter for 'renewable energy' and 'smart grid' topics.

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