to-the-point: Axpo inks PPA for 111-MW wind farm in Norway

to-the-point: Axpo inks PPA for 111-MW wind farm in Norway

Senvion wind turbines. Source: Senvion SE 2014. License: All rights reserved.

Swiss energy company Axpo Holding AG has agreed to buy the full output and the tradable electricity certificates generated by the 111.2-MW Egersund wind farm in Norway.

The company announced the power purchase agreement (PPA) on Tuesday, struck by subsidiary Axpo Nordic AS. The contract will enter into force once the wind park is up and ready to run in the second half of 2017.

The Egersund project was acquired by European asset manager Luxcara in September. German company Senvion SA (ETR:SEN) is supplying 33 units of its 3.4M114 wind turbines for the park in the province of Rogaland.

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Published Dec 07, 2016 12:08 CEST

Author Tsvetomira Tsanova

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Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for almost nine years. She's got a soft spot for emerging markets.

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