Ørsted bags corporate PPA for 100 MW from Borkum Riffgrund 3

The Borkum Riffgrund 2 offshore wind park. (Ørsted/Matthias Ibeler)

September 20 (Renewables Now) - Denmark’s Ørsted A/S (CPH:ORSTED) said today that it has struck a ten-year power purchase agreement (PPA) with German retail and tourism company REWE Group to deliver it 100 MW of electricity from its future Borkum Riffgrund 3 offshore wind farm complex in the North Sea.

The 900-MW Borkum Riffgrund 3 would commence operations in 2025, depending on Ørsted's final investment decision, which the Danish wind power major expects to take by the end of this year, it said.

The new complex will be located off the coast of Germany close to Ørsted's existing offshore wind farms Borkum Riffgrund 1 and Borkum Riffgrund 2.

REWE Group signed the PPA through its energy procurement arm EHA Energie-Handels-Gesellschaft, buying enough megawatts to meet the power consumption of 1,500 REWE stores.

The German supermarket chain owner has set a goal to become climate neutral by 2040.

“We are a green power pioneer in the German food retail sector. Our stores have been completely using power produced from renewable sources since 2008,” Lionel Souque, CEO of REWE Group, said in a statement.

Back in 2019, Ørsted placed 100 MW of power from Borkum Riffgrund 3 under a ten-year PPA with German polymer materials supplier Covestro AG (ETR:1COV).

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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