A second purchase agreement between EnBW and Evonik has been inked; it covers 50 MW of the 900 MW He Dreiht offshore wind farm’s capacity.
The German chemical manufacturer has expanded its partnership with EnBW so that the wind farm’s 150MW capacity matches its energy requirements.
A 100MW first power purchase agreement (PPA) was inked last year, and both PPAs have a 15-year term.
Evonik should be able to meet more than a third of its energy needs in Europe starting in 2026 as a result.
He Dreiht is slated to begin operations at the end of 2025 and is situated 90 kilometres to the north-west of Borkum and around 110 km to the west of Helgoland.
There are 15MW-capable turbines in use.
The final investment decision will be made by EnBW in the first quarter of 2023.
CEO of Evonik Christian Kullmann said “Extending the cooperation with EnBW is the next step on our way to significantly reducing our dependence on fossil fuels and their price fluctuations.”
Georg Stamatelopoulos, EnBW board member said “We are building the He Dreiht wind farm with money raised on the market rather than through state funding.”
“Long-term power purchase agreements are the right way for us to expand renewable capacity.”
“PPAs have established themselves as a key instrument in the energy transition. It is, therefore, all the more important that state intervention in the market does not represent any kind of permanent solution.”
“This could have a negative impact on the willingness to invest and hamper the further expansion of renewable capacity.”
With the two PPA tranches negotiated with EnBW, the percentage of renewable sources in Evonik’s globally acquired electricity, which currently accounts for 27% of its total electricity consumption, would rise to over 50%.
The partnership will also result in a yearly reduction of 150,000 metric tonnes of carbon dioxide in Scope 2 emissions, or emissions attributed to externally purchased power, at Evonik.
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