Elawan Energy, a subsidiary of Japanese conglomerate Orix, has signed a power purchase agreement (PPA) with telecommunications giant Cellnex.
Under the deal, Elawan will supply renewable energy generated from a portfolio of one wind farm and three solar projects, totaling 200 MW in capacity.
This agreement is set to deliver over 400,000 MWh of renewable energy annually to Cellnex, helping Europe's largest telecommunications infrastructure operator achieve its sustainability goals and certify its energy consumption as renewable.
For Elawan, the PPA represents a significant strategic advancement within the renewable sector, securing stable prices for all energy produced by these projects and supporting broader energy transition efforts.
