Virgin Media O2, a 50/50 joint venture between Liberty Global and Telefónica, has entered into a 10‑year power purchase agreement with egg Power for solar electricity from a new farm in Suffolk, England. The 70‑megawatt facility, expected to be operational in 2027, will supply roughly 5 % of the company’s total energy mix and is part of a broader strategy to secure predictable, low‑cost power for its network operations.
The agreement aligns with Virgin Media O2’s net‑zero target of 20 % renewable energy by 2040 and complements a 2025 wind‑energy deal with The Renewables Infrastructure Group. By locking in a long‑term renewable supply, the company can reduce exposure to fossil‑fuel price swings, stabilize operating‑expense volatility, and strengthen its ESG profile.
egg Power, the clean‑energy arm of Liberty Growth, secured £400 million in debt financing from NatWest Group to support projects like the Suffolk farm. The solar plant may include a battery energy‑storage system, and Virgin Media O2 has earned an “A” rating from CDP and a Bronze Medal from EcoVadis for its sustainability performance.
Mark Hardman, Director of Finance Operations at Virgin Media O2, 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.” Ilesh Patel, head of egg Power, added, “This agreement is a further endorsement of our mission to become the clean energy supplier of choice for telcos and digital infrastructure providers in the UK. With funding in place for more projects, we’re excited about the next chapter as we continue to deliver reliable, price‑predictable renewable power that strengthens the UK’s energy security, underpins long‑term growth and meets the needs of large energy users.”
The deal deepens Virgin Media O2’s renewable‑energy footprint, enhances operational resilience, and supports the company’s transition to a more value‑efficient, low‑cost operating model. By securing a long‑term, predictable renewable supply, the company positions itself to meet its 2040 net‑zero target while mitigating the impact of volatile energy markets on its network operations.
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