- Press Releases
December 15 (Renewables Now) - German energy major RWE AG (ETR:RWE) will market part of the electricity produced by a 57-MW solar park that will be built and owned by renewables developer Enerparc AG in the state of Hesse, central Germany.
The two companies have signed a power purchase agreement (PPA) under which RWE Supply & Trading will source 35 GWh of green electricity annually from the new solar farm for a period of ten years, the energy company said on Tuesday. This will be enough to supply about 10,000 households.
Enerparc is currently building the solar plant on a 54-hectare (133.4 acres) site in the Vogelsbergkreis district between the cities of Fulda and Giessen with commissioning planned for 2022.
The offtake deal supports RWE's efforts to expand its solar portfolio massively as part of the recently unveiled ‘Growing Green’ strategy under which the Essen-based company plans to invest EUR 50 billion (USD 56.5bn) gross by the end of the decade in a bid to double its net green energy generation capacity to 50 GW. The Supply & Trading unit already delivers green electricity to companies in Europe, the US and Canada under PPAs. The list includes names like BMW, VW, Deutsche Bahn and Bosch.
(EUR 1 = USD 1.131)