More companies have been locking in long-term supplies of renewable energy in recent years as a way to cut greenhouse-gas emissions. For some, the deals offered another benefit in 2021: protection from higher prices as a surge in demand scrambled energy markets.
Such long-term contracts have recently paid off for Orange SA, the Paris-based telecommunications company, said Hervé Suquet, vice president of energy. The company sources low-carbon power from utilities, nearby solar-and-wind farms and its own renewable-energy installations as it plans to get half its energy from renewables by 2025.
