European Energy inks with power supply deal with Germany's 595° Solutions

Vestas wind turbines in Germany. Image by: Vestas Wind Systems A/S.

January 25 (Renewables Now) - Danish renewables developer European Energy A/S said on Tuesday it has sealed a five-year contract to supply wind power to German aluminum products and machinery maker 595° Solutions GmbH.

The power purchase agreement (PPA) will see the Nuremberg, Bavaria-based company receive 80 GWh of electricity annually for its manufacturing sites across Germany. Thus, it will cover 100% of its power demand at home with renewable power and back its goal of becoming carbon neutral in 2022.

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European Energy said it will cover its commitment under the deal with power sourced from its German wind portfolio. According to its website, the Copenhagen-based company has installed more than 2 GW of wind and solar power capacity globally.

As of September 30, 2021, European Energy had 1,996 MW of projects under construction and an additional 819 MW shovel-ready schemes.

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