Spain's Acciona lands 10-year renewable energy PPA with telco Telefonica

09/06/2020 09:09 Renewable

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Spanish group Acciona SA has secured a ten-year renewable energy power purchase agreement (PPA) with compatriot telecommunications company Telefonica SA.

 

Under the PPA terms, Telefonica will receive an annual supply of 100 GWh to power up its data processing facilities, offices and work centres in Spain, the renewable energy group said Monday.

 

For its part, Acciona will back the contract with its portfolio of 5,700 MW of renewable power assets in Spain starting from July 2020 when the PPA comes into force.

 

Acciona added that the portfolio will be expanded with the construction of new plants to meet the needs of the client.

 

The supplied power will be certified as 100% renewable by Spanish markets and competition regulator CNMC. Additionally, Telefonica will have direct access to Acciona’s blockchain-based platform GREENCHAIN, which traces the origin of renewable power in real time, Acciona said.

Source: renewablesnow.com

 

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