Virgin Media O2 UK Sign 10-Year Solar Energy Agreement with egg Power

Broadband and mobile provider Virgin Media and O2 (VMO2), which aims to achieve Net Zero Carbon (i.e. removing as many emissions as they produce) across their operations, products and supply chain by 2040, has today signed another 10-year Power Purchase Agreement to harness renewable electricity – this time with egg Power.

The new agreement, which complements a similar deal that was signed last year with The Renewables Infrastructure Group (TRIG) for wind energy (here), will see egg Power supply VMO2 with solar energy from its new solar farm in Suffolk – this is expected to become operational in 2027. The project aims to provide around 5% of Virgin Media and O2’s total energy supply.

In short, both of the agreements mean around 20% of VMO2’s energy supply will now be coming from Power Purchase Agreements. “It underpins the company’s move to only use renewable energy at sites where it controls the bill, supporting the company’s network resilience, and supporting renewable energy generation in the UK,” said the announcement.

Mark Hardman, Director of Finance Operations at VMO2, said:

“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. 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 egg Power company is owned by Liberty Growth, which is a division of Liberty Global that of course also co-owns VMO2, and serves as their dedicated clean energy infrastructure investment business.