GHG Emissions, Solar, Sourcing Renewables - February 15, 2021
Orange signs PPA for two French solar projects
Orange, a French multinational telecommunication corporation, announced on Feb. 15 that it has signed a 15-year PPA to develop two solar projects. The regions covered by these solar projects will reap significant economic benefits; local companies will build, operate and maintain the sites, and rent will be collected and tax income generated by the facilities.
This agreement with developer ENGIE will aggregate all of Orange’s renewable energy projects to deploy a continuous energy strip that caters as closely as possible to Orange's actual consumption profile.
“Reducing our environmental footprint is a major part of Orange's strategy,” Fabienne Dulac, executive VP and CEO of Orange France said in a statement. “By 2025, the group plans to reduce 30% of its direct CO² emissions compared to 2015 and reach an electricity mix made up of 50% renewable energy. Signing this agreement with ENGIE is extremely important in this regard; it illustrates our desire to be a major player in the field of power purchase agreements in France. We are proud to contribute to the country's energy transition and also proud of the economic development of the regions where new solar power facilities will be built."
The two new solar projects will total 51 MW and are both located in the Hautes-Alpes region. They are expected to be operational in early 2023.
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