Orange signs 15-year Power Purchase Agreement (PPA) with ENGIE

Orange signs 15-year Power Purchase Agreement (PPA) with ENGIE

(PRESS RELEASE) PARIS, 15-Feb-2021 — /EuropaWire/ — French multinational telecommunications corporation Orange announces the signing of a 15-year Corporate Power Purchase Agreement (PPA) with ENGIE, the leading developer of solar and wind power in France, to deliver a global renewable energy supply solution in France. The partnership will involve creating new solar energy production capacities, managing the production of all renewable electricity capacities contracted by Orange with other producers and supplying additional volumes to cater to Orange’s actual consumption.

The long term Power Purchase Agreement (PPA) between Orange and ENGIE covers the development of two new solar projects totalling 51 MWp in L’Epine (38 MWp) and Ribeyret (13 MWp), both located in the Hautes-Alpes region. These two solar farms will be operational by 1 January 2023 at the latest.

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.

Under this agreement, ENGIE will aggregate all of the renewable energy produced by the wind farms and solar plants for which Orange France signed a power purchase agreement. Furthermore, ENGIE will put its expertise in energy management to use to deploy a continuous energy strip that caters as closely as possible to Orange’s actual consumption profile.

Fabienne Dulac, Orange’s Executive Vice-President and CEO of Orange France said: “Reducing our environmental footprint is a major part of Orange’s strategy. 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.”

“We are proud to work with Orange France on building a prosperous, sustainable and low-carbon future. This PPA contributes to increasing the share of renewables on French territory and thus contributes to achieving the ambitious objectives of the multi-year energy program. This innovative contract illustrates ENGIE’s expertise across the entire renewable electricity value chain and our ambition to accelerate our clients’ energy transition. “, said Rosaline Corinthien, CEO of ENGIE France Renewables.

About ENGIE
Our group is a global reference in low-carbon energy and services. Our purpose (“raison d’être”) is to act to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions, reconciling economic performance with a positive impact on people and the planet. We rely on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers. With our 170,000 employees, our customers, partners and stakeholders, we are a community of Imaginative Builders, committed every day to more harmonious progress.

Turnover in 2019: 60.1 billion Euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris – World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).

ENGIE & renewable energies
In the face of the climate emergency, ENGIE’s purpose is to act to accelerate the transition towards a carbon-neutral economy. With 31 GW of renewable energy production installed throughout the world, the Group intends to take up the challenge of greening its clients’ energy mix. In France, ENGIE is the leader in development of renewable solar and wind energy. The Group has a presence in all technological sectors and supports regions and companies in their carbon neutrality strategy. Its teams are spread all over France and operate 7.9 GW of renewable capacity (including 1.2 GW of photovoltaic capacity).

Media contacts:

ENGIE press contact:
Tel. +33 (0)1 44 22 24 35
engiepress@engie.com
ENGIEpress

Investor relations contact:
Tel. +33 (0)1 44 22 66 29
ir@engie.com

SOURCE: Orange