By signing multiple Corporate Power Purchase Agreements (CPPAs) in recent months, Orange will ensure a long-term green energy supply, in line with our Engage 2025 targets.
Unlike purchasing electricity on the short-term futures market and according to fluctuations in the price of electricity, CPPAs represent a new way of supplying energy from sustainable sources at a stable and competitive price over the long term.
Helping to achieve our net zero carbon objective
The Group has set up these contracts to help meet its strategic environmental targets, in particular reducing its CO2 emissions by 30% compared to 2015 and diversifying its energy mix. CPPAs help Orange contribute to the energy transition and to the economic development of regions that produce renewable energy.
We signed three CPPAs in France in 2020 and 2021, with Boralex, Engie, and Total. The latter is based on developing 10 new solar power plants across the country by 2024 to supply 100 GWh per year of renewable energy over 20 years.
To go further : Orange's c ommitment to the environment
Orange SA published this content on 20 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2021 14:30:01 UTC.