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July 5 (Renewables Now) - Renewables company BayWa r.e. AG will supply 100 GWh of electricity from wind energy per year to Bosch Group to power its production sites across Germany.
The electricity will come from wind parks across Germany which will no longer receive funding under the EEG scheme after 20 years of operation. The power will be delivered under a two-year power purchase agreement (PPA) between the two companies, BayWa r.e. said on Tuesday.
The renewables company noted that the 20-year funding under the EEG expired for the first turbines in Germany last year and around 15 GW of wind turbines will follow by 2025. Thus, the continued operation of these wind parks through PPAs will play an important role in reaching the climate goals of the federal government by 2030, BayWa r.e. added.
Under the agreement, BayWa r.e. will source the power from wind farms across Germany and deliver it to the German plants of Bosch.
The contracted electricity corresponds to the annual consumption of more than 32,000 German households.
With roughly 402,600 associates worldwide and sales of EUR 78.7 billion (USD 82.28bn) in 2021, the engineering and technology group claims to be the first global industrial company to achieve carbon-neutral production in 2020.
(EUR 1 = USD 1.046)