RWE trumpets massive PPA signing for North Sea offshore wind farms

German energy group RWE AG (ETR:RWE) has signed power purchase agreements (PPA) with 12 entities to deliver them around 1,500 GWh per year from two offshore wind farms in Germany’s North Sea.

The group on Monday said that its Nordsee Ost and Amrumbank West offshore wind farms will supply electricity to 11 industrial companies and one large municipal utility from 2025 and 2026. The signatories were RWE Supply & Trading on one side and industrial players Badischen Stahlwerken, Bosch, Freudenberg Gruppe, Infraserv Hoechst, Messer, Schott, Telefonica, Verallia, Vodafone, Wacker and ZF, and Frankfurt-based utility Mainova, on the other, according to the announcement.

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The electricity was offered as part of a structured tendering process.

The majority of these PPAs have been set for a term of ten years. Depending on customer requirements, RWE arranged for direct purchase (as produced), scheduled delivery with wind farm profile (as nominated), or delivery structured as a continuous electricity load (baseload delivery), the company said.

The 295-MW Nordsee Ost and the 302-MW Amrumbank West are located some 60 kilometres (37.3 miles) off the coast in the German North Sea. The have been generating electricity since 2015.

Both wind farms are currently receiving funding under Germany’s Renewables Act, which will expire from 2024 and 2025. Their production output was already placed under PPAs with railway company Deutsche Bahn in 2019, 2020 and 2021. With the latest signings, Nordsee Ost and Amrumbank West will be fully contracted from 2026 through power supply contracts, RWE said.