Under the PPA, Yettel Bulgaria and CETIN Bulgaria will be supplied with electricity generated by Electrohold’s 123 megawatt capacity photovoltaic power plant, which is due to come online later this year.
“Sustainability goes hand in hand with economic decision-making, and long-term Power Purchase Agreements, such as the one we are announcing today, allow us to plan and manage our energy costs more efficiently. We are looking for more opportunities for this type of agreement in the other markets where we operate,” said Marek Sláčík, CEE Executive Director and Chief Sustainability Officer of PPF Telecom Group.
The Group already purchases renewable energy certificates for its operations in Serbia. Alongside a contract concluded for network operations in Bulgaria, renewable energy will rise to approximately 25% of the Group’s total energy consumption by 2024.
Reducing emissions is a critical objective of the PPF Telecom Group sustainability strategy that was published last year. The Group is now working on a plan to reduce greenhouse gas emissions substantially.
“Steadily increasing the share of renewables in our energy mix coupled with energy efficiency measures are essential prerequisites to our decarbonization strategy,” said Marek Sláčík.