Orange: Orange signs new 15-year PPA in France
May 15, 2024 | Posted by Abdul-Rahman Oladimeji
Orange has signed a 15-year Power Purchase Agreement with French solar & storage developer ZE Energy this week to procure solar power in France.The agreement is to offtake 90GWh annually produced by a new hybrid solar power plant being built in Landes.
“Orange France is continuing its renewable energy supply strategy to reduce the carbon footprint of its activities,” said Jean-François Fallacher, deputy managing director of Orange and CEO of Orange France. “This type of PPA guarantees us competitive renewable energy and also allows, thanks to batteries, to store it when there is a surplus in order to avoid losses. We are proud to sign this contract with ZE Energy, a young French company, independent producer of renewable energy, and pioneer in the development of new hybrid production models.”
Mathieu Lassagne, president of ZE Energy, added: “We are very happy with the signing of this CPPA with Orange France. This format of the future, promising green electricity, at a stable, competitive price over a long period, opens the way to a much more virtuous economy in terms of energy consumption. ZE Energy's hybrid power plants, aimed at flexible production of solar energy, marketed in short circuits, fully participate in this.”