Orange signs vPPA with Engie in Romania

Orange Romania has shared that it has signed a six-year virtual PPA with Engie. As per the agreement, 30GWh of the telco's annual electricity needs will be met with energy from solar. This deal aligns with Orange's broader goal to achieve net zero emissions by 2040 and brings Romania into the bracket of countries within Europe, in which Orange has secured 80% of green energy in 2023 (Spain, Belgium, Luxembourg, Slovakia, Poland, Romania, Moldova).

"We are aligned with the objectives of the Orange Group and continue to integrate sustainability at the heart of our actions, in order to reduce our impact on the environment," said Liudmila Climoc, CEO of Orange Romania, commenting on the development.

Adding: "The signing of the vPPA contract with Engie Romania is another important step in the long-term commitment that Orange has assumed, to contribute to the sustainable development of society."

“We are happy to support the Orange companies in Romania in the process of decarbonizing their activity and progressively reaching the goal of neutrality of carbon emissions, one that also guides ENGIE’s activity," said Nicolas Richard, CEO of ENGIE Romania.  

Further, Richard said that such vPPA-type contracts are an example of the group’s strategy to offer customers green electricity and provide them with predictability on energy costs. He also called them a good example of how, in "a market with large price fluctuations such as that of energy," companies can ensure that they carry out an "economically sustainable activity and from the perspective of environmental objectives."