Orange Romania has signed a ten-year virtual Power Purchase Agreement (vPPA) with Engie Romania, that will cover 40GWh of Orange Romania's annual electricity requirements which will be delivered from one of Engie’s wind farms in Romania.
“This long-term partnership will significantly contribute to our decarbonization goals, ensuring that a substantial part of our energy needs come from renewable sources,” said Julien Ducarroz, CEO of Orange Romania.
Commenting on the agreement, Nicolas Richard, CEO of Engie Romania, contended that Engie wants: "More and more companies to adopt this type of medium and long-term purchase contracts, especially in the current context of volatility, in which securing medium and long-term energy needs can help mitigate risks related to energy prices, while contributing, at the same time, to achieving sustainability objectives."
