Orange Romania contracts renewable power from Enery

Orange Romania contracts renewable power from Enery Photo: Pixabay

Vienna-based renewable energy company Enery has entered into an agreement to supply of 70,000 MWh of clean energy annually in Romania to entities affiliated with the local unit of French telecoms group Orange SA (EPA:ORA).

Enery has signed two virtual power purchase agreements (vPPAs) with Orange Romania, Orange Romania Communications and NextGen Communications, part of the Orange Romania Group. The contracts include a groundbreaking virtual cross-border PPA, a novel approach in the Eastern European region, the Austrian firm noted in a recent statement.

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Last year, Orange Romania Group signed a six-year solar VPPA with French energy firm Engie, securing 30 GWh of clean power annually.

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Marta is an M&A and IPO specialist with years of experience covering energy deals in the US and EU.

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