Renalfa signs 10-year solar PPA with A1 Bulgaria
Date: March 9th 2022
Author: Tanja Srnovršnik
Category: En.vision
Topic:
Electricity
, Renewables
Bulgarian clean energy investment group Renalfa has signed a 10-year power purchase agreement (PPA) with the telecommunication service provider A1 Bulgaria for the annual supply of 20 GWh of solar energy, Renalfa said on Wednesday.
This energy will be produced by Renalfa's 33 MWp photovoltaic power plant located in the south of Bulgaria.In what is the first sleeving agreement on the Bulgarian market, Renalfa's subsidiary Toki.bg will be in charge of “transforming the pay-as-produced PV profile of the generation project into the consumption schedule of the telecom through the electricity market,” said Renalfa in a statement.
No financial details or start date for this supply have been disclosed.
“Corporate PPAs provide a competitive advantage to companies by securing long-term energy supply at a fixed price as compared to the volatile energy markets. At the same time, this energy is clean and with a proven RES origin, which significantly reduces the carbon footprint of companies, contributes to a safer and cleaner environment and increases their ESG (Environmental, Social and Governance) ratings,” said Yuri Katanov, executive director of Renalfa.
Alexander Dimitrov, CEO of A1 Bulgaria, added that unprecedented levels of global data usage during the Covid-19 pandemic had caused the telecommunications industry “to consume more energy than ever before.”
“As part of A1 Telekom Austria Group, we are aware of our responsibility towards the environment and have set an ambitious environmental target: reducing CO2 emissions to net zero by 2030. This will be achieved by decreasing our own carbon footprint and gradually switching to energy from renewable sources,” said Dimitrov.
However, he did not reveal how much of A1 Bulgaria's power usage would be covered by the electricity supplied through the PPA.
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