By Giulia Petroni

Orange said Monday that it has signed a 15-year power purchase agreement with Engie SA, that covers two solar projects totaling 51 megawatt peak in southern France.

The French telecommunications company said the solar farms, located in L'Epine and Ribeyret, will be operational by Jan. 1, 2023 at the latest.

Orange plans to cut 30% of its direct carbon-dioxide emissions by 2025 compared with 2015 levels and have an electricity mix made up of 50% of renewable energy, it said.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

February 15, 2021 09:03 ET (14:03 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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