Orange Romania and ENGIE Romania sign a new 10-year virtual Power Purchase Agreement

Orange Romania has signed a new vPPA (virtual Power Purchase Agreement) with ENGIE Romania, which consists of the purchase of renewable energy over the long term. The new agreement, concluded for a period of 10 years, will cover approximately 40 GWh of Orange’s annual electricity needs. The green energy will come from one of the wind farms owned and operated by ENGIE Romania.

The collaboration on this type of energy purchase began in 2023, with the signing of the first vPPA contract, which covers 30 GWh of Orange Romania’s consumption needs.

ENGIE currently operates renewable energy production assets in Romania with a total installed capacity of 211 MW. The company owns and operates 3 wind farms, with a total installed capacity of 178 MW, as well as 5 photovoltaic farms with a capacity of 33 MW, strategically located in various regions of the country.

In 2024, ENGIE expanded its renewable energy production portfolio in Romania by developing its first hybrid wind and solar power plant, and is in the process of commissioning a solar power plant in Ariceștii Rahtivani, Prahova County, with a total installed capacity of 37.2 MWp. These projects contribute to achieving the objective of having an installed renewable energy production capacity of 1 GW by 2030.

The objective of the new agreement is to ensure Orange Romania’s renewable energy needs and to support the company’s commitment to achieving the #NetCarbonZero objective by 2040, in line with the group’s strategic plan – Lead the Future.

“This long-term partnership will significantly contribute to our decarbonization goals, ensuring that a substantial part of our energy needs come from renewable sources. Orange Romania actively supports the transition to green energy in the region, as part of its commitment to sustainability and environmental responsibility. By investing in green energy solutions, Orange Romania not only supports the adoption of green energy for its own operations, but also contributes to strengthening the regional energy ecosystem,” said Julien Ducarroz, CEO of Orange Romania.

The new agreement also contributes to consolidating ENGIE’s leading position globally in the PPAs market. In 2024, the ENGIE Group announced the conclusion of 34 such contracts in six markets and was the only company to conclude PPAs for the three major renewable energy technologies: solar, onshore wind and offshore wind.

“We are pleased to support Orange Romania on its journey towards carbon neutrality, by providing electricity produced by our renewable energy assets and by ensuring the predictability of energy costs. We want more and more companies to adopt this type of medium and long-term purchase contracts, especially in the current context of volatility, in which securing medium and long-term energy needs can help mitigate risks related to energy prices, while contributing, at the same time, to achieving sustainability objectives,” said Nicolas Richard, CEO of ENGIE Romania.