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Arup advises Telefónica on 10-year clean energy PPA in Spain

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Isabel Iglesias Isabel Iglesias Europe Press Office, Spain
17 June 2020

Arup’s energy advisory team, together with legal firm Watson Farley & Williams and Invesyde, have helped Telefónica secure a long-term clean energy deal, supporting the Spanish telecoms giant on its journey towards decarbonisation.

The 10-year, renewable energy contract with Acciona, known as a PPA (Power Purchase Agreement), is the first long-term supply deal for Telefónica in the country.

Our energy specialists worked with Telefónica on the structuring, negotiation and signing of the clean energy supply deal. Supporting the company from the outset, the team helped the telecom giant to sound the market and to define the type of PPA that would best meet its consumption needs. Based on our insight into energy market trends, the team helped evaluate the different offers, assessing them according to their environmental, economic and legal impact.

The 100GWh per year supply deal will come into force in July this year, providing clean energy to power Telefónica’s data processing, office and work centre facilities and eliminating about 26,000 tonnes of CO2 emissions per year.

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Clean energy supply deals based on PPAs have become essential for any corporates looking to deliver ambitious decarbonisation and sustainability targets, while reducing their operating costs. ” Ramon Rodriguez Ramón Rodríguez Spain Group Leader

In addition to supporting the UN’s Sustainable Development Goals, Power Purchase Agreements allow corporates to lock-in a long-term, fixed price renewable energy deal with a reliable supplier.