Telecom Argentina Signs 10-Year Renewable Energy Deals

Telecom Argentina has announced the signing of two new energy agreements with Genneia and YPF Luz as part of its plans to incorporate renewable energy sources into its energy matrix. The company has signed these agreements to supply electricity through wind sources for a period of 10 years.

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New Energy Agreements

Under the contracts, a total of 159,700 MWh per year of clean energy will be supplied by Genneia and YPF Luz, equivalent to around 22 percent of Telecom Argentina’s total annual consumption. The supply will be further increased as new clean energy generation projects become available, Telecom Argentina said.

Sustainability Goals

As part of its short and long-term commitment to climate change mitigation actions, Telecom Argentina intends to achieve 50 percent renewable energy supply by 2030 and achieve carbon neutrality by 2050. The signing of these new agreements is a part of the sustainability goals.

In the first phase, Telecom is supplied with clean energy equivalent to the electricity consumption of all its commercial offices, a third of its mobile sites, and the Pacheco Data Center. This is equivalent to the average consumption of 38,000 households.

Initiatives

“The ICT industry uses energy intensively by definition, which means great challenges in terms of energy efficiency. With the contracted energy, we will be reaching half the way of our 2030 goal of achieving 50 percent clean energy,” explains Telecom Argentina. “We will continue to incorporate energy from renewable sources, as well as encouraging technological updates that allow significant savings in the energy consumption of our operation.”