Bulgaria: A1 Bulgaria signs solar PPA with Renalfa

Telco A1 Bulgaria has announced that it has teamed up with the Bulgarian clean energy investment group Renalfa AD to sign Power Purchase Agreement (PPA). The solar energy from the PPA will provide the company with 20,000 MWh of clean energy per annum across the next ten years.

This news comes as the company declares its commitment to reducing its carbon emissions and reaching net-zero by 2030, as part of A1 Telekom Austria Group. Alexander Dimitrov, chairman of the management board and CEO of A1 Bulgaria, outlined: "This will be achieved by decreasing our own carbon footprint and gradually switching to energy from renewable sources. The signed PPA for solar energy is a significant step for A1 Bulgaria on the path to clean energy transition. As a leading communications operator it is our obligation to drive a green and digital transformation with our expertise."

Yuri Katanov, executive director of Renalfa, added that these kinds of corporate PPAs are the "backbone" of the clean energy transition. He outlined: "We are happy to announce the first 'sleeved' PPA on the Bulgarian market," said "We are proud to partner with such an industry leader as A1. I would like to congratulate the company and its management for pioneering such an innovative business model. Together, we have addressed and resolved one of the main obstacles for bigger market integrations of renewables."