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RWE signs power purchase agreements for 1,500 GWh per year

Tuesday, January 17 2023

General – RWE

From 2025 and 2026 respectively, RWE’s Nordsee Ost and Amrumbank West offshore wind farms will supply eleven German industrial customers and one large municipal utility with green electricity.

The relevant agreements were signed between RWE Supply & Trading and Badische Stahlwerke, Freudenberg group, Infraserv Höchst, Mainova, Messer, Schott, Telefónica, Verallia, Vodafone, Wacker as well as ZF.

The majority of the contracts will run for a term of ten years. Depending on customer requirements they provide for direct purchase (as produced), scheduled delivery with wind farm profile (as nominated), or delivery structured as a continuous electricity load (baseload delivery).

Electricity produced at the two offshore wind farms was already sold based on PPAs to Deutsche Bahn in 2019, 2020 and 2021. With these most recent purchase agreements, all of the electricity generated by these wind farms from 2026 has been sold under contract.

Both wind farms currently receive funding under the Renewables Act (Erneuerbare-Energien-Gesetz, EEG), which is set to expire from 2024 and 2025 respectively.

The sale of the electricity took place as part of a structured tendering process, in which the contracts were negotiated and concluded with the respective customers in parallel.

Related posts:

  1. DHL Group secures green electricity from Kaskasi OWF
  2. RWE appoints Fugro to start geophysical survey for Thor
  3. Google signs several offshore wind PPAs
  4. RWE inks deals for three HVDC offshore wind substations

Filed Under: Green electricity, International News, Power purchase, RWE Tagged With: Amrumbank, green electricity, Nordsee Ost, power purchase, RWE

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