The iliad Group and ENGIE sign their first Power Purchase Agreement together, covering a 15-year period in France
The iliad Group and ENGIE are announcing today that they have signed their first (off-site) Power Purchase Agreement (PPA) together in France.
- Press release
- 02/02/2023
The signature of this “green” PPA is in line with the pledge we made in our role as a telecoms group to help create more renewable energy capacity in the three countries where we operate.
We chose ENGIE, our long-standing energy supplier and the leading developer of solar and wind power in France, as our provider for this PPA.
Under the terms of the agreement, for 15 years the Group will purchase from ENGIE the electricity that will be generated by the Labrit solar farm located in the Landes region in France, and the associated guarantees of origin.
With some 60,000 solar panels, it’s estimated that the Labrit solar farm will produce more than 20 GWh of electricity per year, which corresponds to the electricity consumed by more than 1 million of our subscribers in France due to their use of the network.
From its creation through to its decommissioning, the Labrit solar farm will meet the criteria of the TED label (Transition Energétique Durable, meaning Sustainable Energy Transition) designed jointly by ENGIE and Bureau Veritas – a method based on a foundation of commitment and transparency for deploying renewable energy production facilities that are integrated into their regional environments.
For example, the Labrit solar farm will form part of an overall program launched by ENGIE in the Landes region to work with local shepherds on ways they can rear sheep on its solar farms, and with local bee-keepers on setting up hives there.
The Labrit PPA is just the first step in a process that will see other similar initiatives. This is in line with the objective we set in our Group climate and carbon neutral strategy to source at least 20% of our electricity supply in France via PPAs by 2035 and to accelerate the rollout of this type of project in Poland and Italy.
According to Thomas Reynaud, CEO of the iliad Group: “The question of energy supply is becoming increasingly crucial. This PPA we’ve signed with ENGIE is a first important step, symbolizing our determination to secure the cost and quality of our power supply while at the same time demonstrating the practical support we are currently giving to help develop the renewable energy industry in France, and which we will soon also be giving in Italy and Poland”.
Edouard Neviaski, CEO of ENGIE Global Energy Management & Sales said: “I am delighted that as a long-standing, reliable and sustainable partner ENGIE is continuing to help the iliad Group carry out its carbon-free action plan. We are, more than ever, working closely with our clients to enable them to meet the challenges of the ecological transition while containing their energy costs”.