Ireland's NTR, Microsoft seal 86-MW wind PPA in Sweden
Wind turbines in Sweden. Author: Arctic Mirror.
Irish renewable energy developer and investor NTR Plc has inked a deal to offload electricity from an 86-MW wind farm project in Sweden to Microsoft Corp (NASDAQ:MSFT).
The corporate power purchase agreement (PPA) is tied to the future output of the Norra Vedbo wind project, which NTR owns together with Reichmuth Infrastructure, a unit of Swiss private bank Reichmuth & Co. The deal is aligned with the software giant’s plan to use 100% carbon-free electricity for its datacentre operations in Sweden.
The Norra Vedbo plant is due to be commissioned in the closing quarter of 2022.
To be located in the county of Jonkoping, southern Sweden, the wind farm will be powered by 20 turbines of 4.3 MW each that will be provided by Vestas Wind Systems A/S (CPH:VWS). The machines are expected to generate enough power to meet the annual needs of around 44,000 homes.
NTR achieved financial close on the Norra Vedbo project in May. It then said it has signed a 10-year PPA without disclosing the name of the power offtaker and other specifics.
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.