Renewables

Enery signs two virtual PPAs with Orange Romania Group

Enery-two-virtual-PPAs-Orange-Romania-Group

Photo: Tawatchai07 on Freepik

Published

January 24, 2024

Country

Comments

comments icon

0

Share

Published:

January 24, 2024

Country:

Comments:

comments icon

0

Share

Austria-based Enery signed two VPPAs with three companies from Orange Romania Group. Both parties arranged similar deals before in Romania.

Members of Orange Romania Group signed two virtual power purchase agreements (VPPAs), following a similar contract with Engie in August. The new green electricity provider is Austria-based Enery, which said the deal is for Orange Romania, Orange Romania Communications and NextGen Communications.

Under a VPPA, the consumer buys electricity in the market, but under a financial arrangement with the producer. One of the agreements is “a pioneering virtual cross-border PPA, an innovation in the Eastern European region,” Enery said.

It left out the details except that it committed to supplying 70 GWh per year. Orange, formerly known as France Télécom, controls the Romanian telecommunications operator.

Enery is planning to build a 535 MW solar power plant in Romania

“The collaborations with the Orange Romania Group underscore our unwavering dedication to supporting businesses on their journey toward decarbonization. Our mission is to join forces with our partners in shaping a more sustainable energy landscape, while inspiring others to embark on bold initiatives for a greener future,” Chief Commercial Officer of Enery Severin Vartigov said.

The firm is active in Central and Eastern Europe. It has an operational green electricity portfolio of 312 MW, generating 440 GWh per year. The company said it is developing projects of an overall 7 GW.

Among them, it is planning a photovoltaic park of 535 MW in Giurgiu in south Romania under its joint venture Enery Element, with Element Power RE. The Baboia investment is estimated at more than EUR 400 million.

Enery also operates in neighboring Bulgaria, where Element Power is based.

The Austrian firm is controlled by the Three Seas Initiative Investment Fund (3SIIF), which has Amber Infrastructure as investment advisor.

Enery signed a virtual PPA with Asahi’s Romanian subsidiary Ursus Breweries in July. With a rising number of companies that wish to prevent the impact of electricity price volatility, the country’s PPA market is picking up. In turn, it attracts investments in wind and solar power plants.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

eles siemens energy memorandum Adnan Chaudhry mervar presern slovenia

ELES, Siemens Energy enter strategic partnership to develop digital technologies for electricity grids

09 October 2024 - Slovenia’s operator of the combined transmission and distribution network ELES has signed an MoU with Siemens Energy

TotalEnergies PPA Saint-Gobain France five year power purchase agreement

TotalEnergies to supply Saint-Gobain under five-year solar, wind PPA

09 October 2024 - TotalEnergies will supply renewable electricity to Saint-Gobain in France under a five-year power purchase agreement

Bulgarian mattress factory covers consumption 100 solar batteries

Bulgarian mattress factory covers its consumption 100% with solar, batteries

09 October 2024 - A photovoltaic system of 5.6 MW with a battery capacity of 15 MWh will meet the entire electricity needs of the TED mattress factory

romania Tarnița-Lăpuștești hydropower burduja itochu edf storage

Romania in talks with Itochu, EDF on Tarnița-Lăpuștești pumped storage HPP

09 October 2024 - Minister of Energy Sebastian Burduja said Tarnița-Lăpuștești remains the most important energy project for Romania