Innogy signs PPA with Polish brewer to back wind farm extension

Germany’s Innogy SE (ETR:IGY) on Tuesday said it signed a 10-year power purchase agreement (PPA) with Polish beer producer Kompania Piwowarska SA to offload the output of its Nowy Staw wind farm in Poland and secure its extension.

Kompania Piwowarska, owned by Asahi Breweries Europe Group, operates three breweries in Poland and will procure the electricity for them in phases from 2020 to 2029.

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Innogy said that in the first year of the contract, it will supply 30 GWh per year from 73 MW of Nowy Staw's present capacity. This amount of electricity will cover around 40% of the breweries’ power needs.

The annual supply will increase to 80 GWh to cover 100% starting 2021 when Innogy plans to bring online the 11-MW extension to Nowy Staw.

The 73-MW onshore wind farm is located near Gdansk. Innogy said construction of the additional capacity, which starts next year, will be backed solely by the PPA with no state subsidies involved.

Asahi Breweries Europe Group is the Central European arm of Japan’s Asahi Group Holdings Ltd (TYO:2502).