Telefónica has selected ACCIONA, Spain’s leading 100% renewable energy retailer for the annual supply of 100GWh of renewable energy over the next decade.
ACCIONA will provide clean energy to the telecommunications group’s data processing facilities, offices and work centers in Spain. This Power Purchase Agreement (PPA) is Telefónica's first long-term clean energy supply deal in the country. This is Telefónica's first long-term PPA in Spain.
By using clean energy, Telefónica will prevent the emission of 26,000 tons of CO2, equivalent to the carbon captured by 430,000 trees, the main cause of global warming and climate change, thus reinforcing its decarbonization strategy. Telefónica will also be given direct access to ACCIONA’S GREENCHAIN traceability application, a platform based on blockchain technology, which guarantees the renewable origin of the energy in real time.
The contract will come into force in July 2020, supported by ACCIONA's portfolio of 5,700MW renewable assets in Spain. This portfolio will be expanded with the construction of new installations for the purpose of guaranteeing Telefonica’s energy supply. This new deal will lead ACCIONA to develop new renewable assets, as well as to strengthen the energy marketing price structure in Spain, reducing exposure to market volatility.
Emilio Gayo, CEO of Telefonica Spain
At Telefónica, we have established a strategic commitment to mitigating climate change and we are decisively fulfilling it. We need a balanced energy mix, but our ultimate goal must be a transition that leads to complete decarbonization.
Rafael Mateo, CEO of ACCIONA Energy Business
This is a pivotal agreement in Spain, where renewable PPAs have yet to emerge as an instrument of cost efficiency and clean energy supply.
