Vodafone Signs 10 Year Solar PPA for UK Operations

The campaign, aimed at financing part of the agrivoltaic plant, envisages annual returns of 6.5% for the inhabitants of the municipalities of Terzo di Aquileia and Cervignano del Friuli, who wish to join. Renantis brings its sustainable approach to Friuli Venezia Giulia, by sharing the value generated by the plant to promote widespread, compatible, and agriculture-related sustainability, in synergy with local communities. The plant will combine the production of clean energy with beekeeping, The plant will combine the production of clean energy with agriculture activity, including the planting of a variety of native crops under the solar panels, the installation of beehives and a polyphytic meadow, composed of multiple species of grasses. The cultivation will contribute to climate change mitigation, biodiversity protection, soil protection from the effects of erosion and the creation of habitats for wildlife and bees. The plant will also include advanced technology agricultural tools to make beekeeping activities more efficient and sustainable. The inhabitants of Terzo di Aquileia and Cervignano del Friuli, who will join the campaign, will receive a gross annual return of 6.5 per cent; for the inhabitants of the Friuli Venezia Giulia region, the value set is 5.5 per cent. At a later stage, the financing opportunity will also be open to Renantis' Italian employees, key figures in the Group's green vocation. The lending crowdfunding campaign will be developed through a remunerated loan, guaranteed by Renantis and not directly linked to the actual production of the plant. Through the Ener2Crowd platform it will be possible for individuals to participate in the project with investment of between 200 and 10,000 euro. Receiving annual interest on the loan made for 36 months, participants have the possibility of early exit and full recovery of the capital paid in, at the end of the period. "For over fifteen years, our Group has been successfully conducting initiatives to share the value created by our renewable plants," comments Giangiacomo Altobelli, Renantis' community manager in Italy. "In 2021 we launched our first lending crowdfunding campaign in Sicily, in the province of Ragusa, with a high level of participation from the local community. This new initiative in Friuli Venezia Giulia is further evidence of our sustainable commitment, which is based on caring, both for the region and for the people who live around our facilities."

Vodafone has signed its second major corporate solar power purchase agreement (PPA) in the UK. The deal gives Vodafone UK access to clean, high-quality and affordable renewable electricity for the next 10 years, offering price certainty and improved energy security. Combined with agreements already in place, this new solar PPA means around 44% of the company’s annual energy needs will be fulfilled by UK-based renewable power sources by 2025. It is already the case that, of the grid electricity used by Vodafone in the UK, 100% is from certified renewable sources.


The five solar farms, located in Norfolk, Nottinghamshire, Staffordshire, Buckinghamshire and Dorset, will generate a total of 216 GWh of electricity and displace more than 53,000 tonnes of CO2e every year, the equivalent of taking around 31,400 cars off the road. Construction will begin this year; energy generation is expected from early 2024.


Vodafone will purchase a significant proportion of the electricity output from the solar farms, securing their development and bringing additional renewable power provision to the UK Grid. The remainder will be sold through Centrica’s Energy Marketing & Trading business.

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The deal, between Vodafone, Centrica as the power supplier, and MYTILINEOS as the generator, supports the UK government’s ambition to focus on home-grown, clean and more affordable energy. This will ultimately boost long-term energy independence and security.


Power Purchase Agreements are key to Vodafone’s renewable energy procurement strategy. This development follows an announcement last year to purchase a significant proportion of power from three new UK solar farms for the supply of 109GWh of renewable electricity. The first of these is now fully operational, with the others to follow in the coming months. Combined with two onshore wind farms, in Northamptonshire and Lincolnshire, Vodafone UK has secured access to renewable power from 10 sites across the UK.

Ahmed Essam, UK CEO, Vodafone, said: “The energy crisis has highlighted we must work together – as governments, businesses and society – to change how we produce and consume energy. Today’s announcement ensures a significant proportion of our energy requirement, for at least the next 10 years, is home-grown in the UK.

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“I’m pleased Vodafone is helping to progress the development of new renewable power sites and supporting the delivery of green energy to the UK grid. Importantly, this also gives Vodafone UK improved energy security and price certainty and will help us achieve net zero for our UK operations by 2027”.

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