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Telefónica will have direct access to energy traceability through GREENCHAIN®, Acciona’s blockchain platform

As in the previous year, Acciona will supply the telecommunications operator Telefónica with energy from renewable sources in order to cover part of its consumption. Likewise, Telefónica will have direct access to energy traceability via Greenchain, which uses blockchain technology.

In particular, it is estimated that the supply will be 100 GWh per year. The electricity supplied by Acciona will be 100% renewable accredited and certified by the National Commission on Markets and Competition (CNMC).

The agreement came into effect in July 2020 and is supported by Acciona’s renewable energy portfolio in Spain totaling 5.7 GW. Y “It is reinforced by the construction of new assets to meet Telefónica’s consumption. This agreement will allow Acciona to develop new renewable assets, strengthen the marketing pricing structure in Spain and reduce the risk of market volatility. “ confirmed by the company.

Blockchain technology goes live

Telefónica will have direct access to energy traceability through GREENCHAIN®, Acciona’s blockchain platform
Telefónica will have direct access to energy traceability through GREENCHAIN®, Acciona’s blockchain platform

Telefónica will also have direct access to energy traceability through GreenChain, the Acciona platform based on blockchain technology, to provide real-time and transparent evidence of the renewable origin of the energy generated.

Acciona’s contract with Telefónica would be worth around 70 million euros. This is Telefónica’s first long-term power purchase agreement (PPA) in Spain.

Emilio Gayo, President of Telefónica Spain, pointed this out “The progress of our economy and society is based on resolute action against climate change. At Telefónica we take on this strategic obligation and fulfill it with determination. We need an efficient and green network to communicate sustainably with people and companies. A very low-carbon network in which we also offer more digital Eco Smart services every day, that is, with environmental benefits. “ added Gayo, who recently had the “Spanish Manifesto for Sustainable Economic Recovery “.

“This is a benchmark agreement in Spain where renewable PPAs have not yet been developed as a tool for cost efficiency and the supply of clean energy,” said Rafael Mateo, CEO of ACCIONA’s energy business. “We are very pleased that Telefónica has chosen ACCIONA as a partner to advance its commitments to decarbonise.”

In addition, the new contract strengthens the energy sales business to large international customers. With a renewable energy production of almost 10,300 MW, Acciona sells 100% renewable energy to more than 500 companies and institutions around the world, including Apple, Bimbo, Merck, Asics, Unilever, Google, Maersk and Robert Bosch.

By using clean energy, Telefónica will avoid the emission of 26,000 tons of carbon dioxide (CO2) into the atmosphere, equivalent to the carbon captured by 430,000 trees, “thereby reinforcing its decarbonization strategy”. The company announced last week that it will meet its original 2050 target of zero emissions in its four main markets by 2030.

About Acciona

Acciona is a global company with a business model based on sustainability with the aim of successfully responding to the greatest global challenges such as global warming, overpopulation and water scarcity. Challenges for those developing solutions for renewable energies, resilient infrastructures, management and treatment of water and services.

With a presence in more than 40 countries on the 5 continents, the company develops its business within the framework of a commitment to design a better planet, thus contributing to the sustainable development of the communities in which it operates through clean energy, infrastructure and water and services .

Acciona’s sustainability strategy is instrumentalized through the Sustainability Master Plan, a roadmap that integrates all of the company’s initiatives in this area in parallel with the company’s decision to drive the transition to a low-carbon economy. To achieve this, it puts all of its projects at the service of the criteria of excellence and innovation processes aimed at optimizing the efficient use of resources and respect for the environment. The company has been climate neutral since 2016, offsetting all CO2 emissions that it was unable to reduce.

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