Cisco Systems signs 15-year VPPA with R.Power SA for 470 GWh from four solar projects in Poland

Cisco Systems has committed to a 15-year Virtual Power Purchase Agreement with R.Power SA, securing 470 GWh of solar energy from four projects located in Poland. This long-term VPPA provides Cisco with a stable, decarbonized energy supply, likely hedging against future electricity price volatility within the Polish market. For R.Power SA, the agreement offers a predictable revenue stream over a substantial period, enhancing the bankability of its Polish solar assets. The deal's coordination by Sustainability Roundtable Inc.'s NZCB indicates Cisco's specific focus on achieving net-zero carbon objectives through this renewable energy procurement. The 15-year duration provides significant revenue certainty for the Warsaw-based developer's four solar projects. This agreement leverages R.Power SA's established presence in Poland, where the Warsaw-based developer already manages over 1 GW of operating solar assets and holds more than 10 GW in development across Poland and Italy. For R.Power SA, securing a 15-year VPPA with a global technology conglomerate like Cisco Systems provides a strong endorsement of its utility-scale solar PV project development capabilities in its home market. Cisco Systems, as a global technology conglomerate specializing in networking hardware and software, utilizes this VPPA to advance its corporate sustainability targets by sourcing renewable energy for its operations. The deal highlights the increasing appetite among global corporations for long-term renewable energy procurement in Central European markets, supporting developers like R.Power SA in financing their extensive development pipelines.