Hrvatski Telekom Inks a 10-Year Renewable Energy Deal With Professio Energia

Hrvatski Telekom Inks a 10-Year Renewable Electricity Deal With Professio Energia

Hrvatski Telekom, a leading telecommunications company in Croatia, has joined forces with Liburana, a subsidiary of Professio Energia, to establish a Virtual Power Purchase Agreement (vPPA) for the supply of renewable electricity. According to the statement, this landmark agreement signifies a major step towards achieving Hrvatski Telekom’s green energy transition goals and emphasises its commitment to responsible energy management.

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Renewable Electricity Supply

Under the vPPA, Hrvatski Telekom will procure 50 GWh (gigawatt-hours) of renewable electricity annually from a new wind power plant to be constructed at the Mazin Gracac location. The agreement, spanning a duration of ten years, not only secures a fixed long-term price for electricity but also ensures a regular supply of energy from renewable sources.

Fixed Long-Term Price and Stable Delivery

Hrvatski Telekom said, “The fixed long-term price and regular delivery of energy, which will fulfil a significant portion of the company’s renewable energy requirements, guarantee long-term financial stability for Hrvatski Telekom. This agreement represents an important milestone in journey towards a sustainable future and demonstrates proactive and responsible approach to business management.”

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According to Professio Energia, “This first corporate virtual contract on the purchase of electricity introduces a new business model in Croatia and the region, supporting long-term energy cost management and the achievement of key ESG indicators.”