In June 2020, Telefónica and ACCIONA announced an agreement 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. The group has selected ACCIONA, Spain’s leading 100% renewable energy retailer, as its energy supplier for the next yen years. ACCIONA already has a number of corporate and institutional customers worldwide, as well as a portfolio of renewable assets amounting to over 11,000MW
The electricity supplied by ACCIONA will come with 100% renewable origin accreditation, certified by Spain’ National Commission of Markets and Competition (CNMC). By using clean energy, Telefónica will prevent the emission of 161,300 tons of CO2, 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 came 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.
This is Telefónica’s first long-term PPA in Spain. It represents a decisive step forward in the country’s energy transition.