Norwegian renewable energy generator Statkraft AS will supply electricity generated by three onshore wind farms in Germany to Frankfurt-based regional energy company Suewag Energie AG under a power purchase agreement (PPA).
Suewag Vertrieb will offtake 10 GWh of electricity per year from the beginning of 2022 to the end of 2023, Statkraft said last week. The deal will ensure the further operation of the wind farms which no longer receive state subsidies.
Two of the wind parks are located in the state of Hesse where Suewag's operations are focused. Thus the energy company will supply its business customers in the region with regionally procured green electricity.
The deal is one of several PPAs that Statkraft agreed on in the last week. The renewables company will supply some 30 GWh of onshore wind power annually to three factories run by Leipzig-based cement manufacturer Opterra in Germany and will offtake power from a 98.5-MW Spanish portfolio of Foresight Solar Fund under a ten-year PPA.
"PPAs offer advantages for both power producers and power consumers. While plant operators are assured of continued operation, customers receive genuine German green power at a fixed price, even in times of highly volatile electricity prices," said Statkraft's head of origination in Germany Patrick Koch.
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