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The deal with Egg Power will supply roughly 5% of the company’s energy demands
Today, Virgin Media O2 (VMO2) is expanding its renewable energy usage, signing a new 10-year Power Purchase Agreement (PPA) with solar power provider Egg Power.
The deal will see VMO2 source power from Egg’s new solar farm 70MW solar farm in Suffolk, which is currently under construction and is expected to begin power generation in 2027.
In total, the agreement is expected to cover around 5% of VMO2’s total energy demand.
Egg Power is a natural energy partner for VMO2, with both companies being owned by Liberty Global.
The deal is expected to significantly contribute to VMO2’s Net Zero carbon emissions goals, with the operator currently aiming for neutrality across its entire value chain by 2040.
“This agreement with egg Power is the latest step in Virgin Media O2’s journey to achieve net zero emissions by the end of 2040,” said Mark Hardman, Director, Finance Operations at VMO2. “We’re committed to growing and operating our business in a way that’s good for people and the planet, where we’re cutting carbon, securing renewable energy on a long-term basis, and sourcing renewable energy generation from the UK.”
The deal builds on a similar 10-year agreement for wind power that VMO2 signed with The Renewables Infrastructure Group last year. Combined, the two deals mean around 20% of VMO2’s energy usage will come from renewable PPAs.
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