A new long-term power purchase agreement (PPA) has been signed between Electrohold Trade and one of the leading supermarket chains – BILLA Bulgaria. The agreement is for the supply of electricity generated by a photovoltaic plant at a fixed price and for a period of 10 years.
“The transition to green energy is our long-term commitment. A third of our sites already produce clean and renewable energy and it is time to take the next step in this direction. The big goal we have set ourselves is to reduce greenhouse gas emissions by 30% by 2030 and be fully climate neutral by 2040,” said Vigintas Shapokas, CEO of BILLA Bulgaria.
“The PPA with a partner like BILLA Bulgaria is another proof of the consistent sustainability policies of the leading companies in the country,” said Atanas Dimov, CEO of Electrohold Trade.
Through PPAs, businesses can be supplied with renewable energy at a competitive price for a long period of time. This type of contracts not only allows energy consumers to more easily plan their electricity costs over a long term, but also facilitates their sustainability goals and ESG programs.
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