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Statkraft, Enovos agree green power supply for Daimler sites in Germany

The Roan wind park in Norway. Source: Twitter, @FosenVind

January 28 (Renewables Now) - German carmaker Daimler AG (ETR:DAI) will benefit from a new and innovative renewable energy supply agreement between Norwegian power producer Statkraft AS and Enovos.

Statkraft said in a statement it has developed an innovative concept to power Daimler’s German sites on behalf of Enovos, using electricity generated by local solar and wind parks. What is left of the demand will be met with hydropower.

According to Statkraft, covering power supply with such a mix of sources and at that scale is unique in Germany to date. The Norwegian company went on to say that the wind power will be sourced from facilities whose support under the Renewable Energy Sources Act (EEG) expires after 2020. At the same time, solar power will come from new subsidy-free plants that are yet to be built.

Enovos is the holder of the electricity supply contract with Daimler and is in charge of the entire energy management process, including physical delivery, balancing group management, billing, grid usage, consumption forecasts and hedging of green electricity quantities, the press statement says.

The three parties initiated a cooperation in December 2018, when they signed a power purchase agreement (PPA) under which Mercedes-Benz Cars plants in Germany are supplied with locally generated wind power.

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Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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