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    Renewable Power Capital breaks ground on a pair of Swedish projects

    Renewable Power Capital (RPC) has initiated the construction of two wind farms in Sweden with a combined capacity of 230MW. LyondellBasell, a chemicals producer, has secured two 10-year power purchase agreements for the electricity generated by these wind farms.


    The Storhojden and Knasjoberget wind farms are integral components of RPC’s larger 553MW cluster comprising four wind farms located in the Kramfors and Solleftea municipalities. RPC had previously announced in January 2024 that it had placed an order for 80 Nordex turbines for this cluster.


    The delivery and installation of the turbines by the manufacturer are scheduled to commence in the spring of 2025. Anticipated to be operational at the start of 2026, the Storhojden and Knasjoberget wind farms are poised to contribute to RPC’s broader renewable energy portfolio.


    Steve Hunter, Managing director of power markets and asset management at RPC, commented “We are delighted to announce the start of construction at these two wind farms. This progress, and the fact we have already secured PPAs for the wind farms, is a testament to both the expertise of our team and the strength of our subsidy-free investment strategy.”


    “We have already hit some important milestones this year and are excited to build on this progress, working alongside our partners such as LyondellBasell to develop clean energy capacity.”


    The power purchase agreements (PPAs) will assist LyondellBasell in achieving its goal of obtaining at least 50% of its electricity from renewable sources by 2030, using 2020 as the baseline.


    Chris Cain, LyondellBasell’s senior vice president for net zero transition strategysaid “We are taking decisive steps to reduce our scope 1 and 2 greenhouse gas emissions and power purchase agreements are a critical lever towards meeting our targets.”


    “The projects in Sweden make significant contribution to our renewable energy goal and help us accelerate the development of clean energy.”


    In a distinct agreement, in January 2024, RPC entered into a 10-year power purchase agreement (PPA) with Ardagh Glass Packaging-Europe for the electricity generated by the 161MW Vitberget wind farm, which is included in the Swedish cluster.


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