•  
  •  
  •  

Corporates seal record 1.5 GW of wind PPAs in 2018

Wind park. Author: Santi VillamarĂ­n. License: Creative Commons, Attribution-NoDerivs 2.0 Generic.

February 1 (Renewables Now) - Businesses in Europe have sealed new corporate wind power purchase agreements (PPAs) for a record 1.5 GW in 2018, bringing the cumulative total since 2013 to about 4.7 GW, according to WindEurope.

Statistics by the industry body show that last year it was the aluminium sector that was the most active in signing such deals, as Norsk Hydro ASA and US-based Alcoa Corp (NYSE:AA) agreed off-take contracts in Sweden and Norway, respectively.

The Norwegian aluminium company signed a deal to purchase about 60% of the output of the 353-MW Blakliden/Faebodberget onshore wind project in Sweden, while Alcoa’s Norwegian unit inked a PPA for the output of the 330-MW Oyfjellet wind project.

WindEurope noted that the pharma and automotive industries also saw their maiden PPAs. In particular, Mercedes-Benz signed agreements tied to the 45.1-MW Taczalin wind farm in Poland and for 46 MW from six community-owned wind parks in Germany.

From a geographic point of view, the most PPAs signed last year were in Nordic countries. First contracts were sealed in Germany, Spain and Poland, and WindEurope says that “France and Italy are looking into it as well.”

The first offshore wind PPA was also signed last year, covering one-fifth of the electricity generated by the 604.8-MW Kriegers Flak plant in Danish waters.

More stories to explore
Share this story
Tags
 
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription