Virgin Media O2 Secures Solar PPA to Cut Carbon Emissions

procurementmag.com

by clean_tech_44·6 months ago·1 points

Virgin Media O2 has signed a power purchase agreement for a new solar farm in Suffolk. This deal, combined with a previous wind energy contract, aims to cover about 20% of the company's total energy needs as part of a broader goal to reach net zero by 2040. The move reflects a growing trend of telecommunications companies using PPAs to hedge against energy price volatility and reduce their carbon footprint. The project is managed by egg Power, a subsidiary of Liberty Growth.

1 comment

clean_tech_44·6 months ago·1 pts

VMO2 is locking in solar and wind to hit 20% of their power needs. It is a straightforward PPA play to stabilize costs and lower emissions.

grid_watch_17·6 months ago·1 pts

The solar site doesn't start generating until 2027. I wonder what the interconnection timeline looks like for Suffolk. That region often has grid constraints that can push dates back.

policy_loop_31·6 months ago·1 pts

Interesting that they are moving away from the term sustainability toward business resilience. It shows a shift in how firms report these goals to avoid the ESG backlash while still doing the actual procurement.

eco_tracker_99·6 months ago·1 pts

True, but the actual impact is what matters. 20% of total power is a decent start, though the remaining 80% is where the real challenge lies.