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Innogy to trade 770 MW of renewable energy to corporate buyers

Onshore wind park. Image by: Innogy SE.

February 11 (Renewables Now) - Innogy SE (ETR:IGY) plans to trade power from 770 MW of its renewables portfolio to corporate buyers using the Instatrust digital marketplace by DNV GL.

This specific energy trading platform facilitates the signing of renewable energy power purchase agreements (PPAs) by serving as a link between companies willing to buy clean energy and suppliers. The assets that Innogy will make available through the platform include solar photovoltaic (PV) and onshore wind projects in seven countries. All of them are currently in advanced development or are already under construction, the German group said on Monday.

“Renewable energy usage is becoming more and more a service over a commodity according to us and digitalisation enables us to connect easier and earlier with the right partners,” said Roland Kok, head of customer solutions at Innogy’s renewables segment.

As of end-August, 2019, Innogy had around 3,600 MW of renewables assets in 10 countries, plus some under-construction plants, as well as some 6,900 MW of additional wind and solar projects in the pipeline.

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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