Bulgaria, A1 Bulgaria signed renewable energy PPA with Renalfa, SEE Energy News
A1 Bulgaria, a local subsidiary of A1 Telekom Austria Group, has signed a power purchase agreement (PPA) with RES developer Renalfa on the supply of renewable energy in the next ten years.
The statement from Renalfa said that A1 Bulgaria will receive 20,000 MWh of “green” electricity per year, generated by a 33 MW solar power plant in southern Bulgaria, operated by Renalfa.
Renalfa’s subsidiary Toki.bg will be in charge of transforming the pay-as-produced solar profile of the generation project into the consumption schedule of the telecom through the electricity market.
Renalfa CEO Yuri Katanov said that corporate PPAs provide competitive advantage to companies by securing long-term energy supply at a fixed price as compared to the volatile energy markets. At the same time this energy is clean and with proven RES origin, which significantly reduces the carbon footprint of the companies, contributes to safer and cleaner environment and increases their ESG (environmental, social and governance) ratings.
Renalfa has invested in solar, wind and energy storage projects in eastern Europe. Its subsidiary Toki operates in Bulgaria and North Macedonia, connecting renewable energy buyers and sellers. Its client base exceeds 5,000 companies.