Renewable

January 12 (Renewables Now) - UK-based chemicals group Ineos said today it has clinched a power purchase agreement (PPA) for electricity coming from a 65.5-MW portion of the 487-MW SeaMade offshore wind complex in Belgium.

The 10-year deal was sealed with Dutch utility Eneco. It will see Ineos buy around 250 GWh of power annually, or around 13.5% of SeaMade’s power output, enabling it to lower its carbon dioxide (CO2) emissions by roughly 940,000 tonnes during the contracted period to back its 2035 net-zero goal.

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Ineos will use the electricity to cover the needs of its Olefins and Polymers, Inovyn and Styrolution businesses. As a result, the company said its German assets will go all-green from this month onwards.

SeaMade, consisting of the Mermaid and Seastar offshore wind projects, was brought online at end-2020. Featuring 58 turbines, the complex is capable of generating 1.8 TWh a year, equivalent to the needs of 500,000 Belgian households. Austrian chemicals and fertilizers producer Borealis at end-2020 committed to buying more than 1,000 GWh under a 10-year contract.

The SeaMade cluster was developed by Otary, a partnership of Belgian renewable energy specialists, together with Eneco and Ocean Winds, a joint venture of EDP Renovaveis SA (ELI:EDPR) and Engie SA (EPA:ENGI).