Vattenfall and Evonik agree on long-term solar-based electricity contracts
Vattenfall and the specialty chemicals company Evonik have concluded new long-term solar-based electricity supply contracts. From 2025, two Vattenfall solar parks in Schleswig-Holstein, Germany, will supply Evonik with around 120 gigawatt hours of solar power per year for chemical production.
"Germany is the fastest growing market for renewable energies in Europe. We see a wide range of growth opportunities here for the development and marketing of our solar, onshore and offshore projects. As the project with Evonik exemplifies, electricity partnerships with industry play a decisive role here,” says Martijn Hagens, Head of Business Area Markets at Vattenfall.
For Evonik the contracts are intended to consciously use more renewable electricity.
The Power Purchase Agreements stipulate that Vattenfall will supply Evonik with electricity from two solar parks in Schleswig-Holstein in northern Germany. The solar parks are due to be completed and connected to the grid in 2025 with a total capacity of 120 megawatts peak (MWp). The agreed electricity volume of around 120 gigawatt hours (GWh) per year corresponds to the annual demand of around 35,000 households and displaces more than 50,000 tonnes of CO2 per year in the German electricity mix.
The contracts have a term of ten years and fixed conditions ("Power Purchase Agreement", PPA).
For more information, please contact:
Vattenfall Press Office +46 8 739 50 10, press@vattenfall.com
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