Digital Realty, Engie indicator 116-MW solar PPA in Germany

• US data centres outfit Digital Realty (NYSE: DLR) and also French utility Engie (EPA: ENGI) today unveiled a power purchase agreement (PPA) that will support the deployment of a 154-MW solar power plant in Germany.

The 10-year contract is for a 116-MW portion of the project, which lies in Brandenburg, northeastern Germany, as well as results from come online in late 2023. The solar park will be developed by German renewable resource asset manager CEE Group.

Digital Realty is expected to offtake 120 GWh each year.

"This project will certainly further improve the quality as well as impact of our sustainable portfolio by reducing our reliance on existing renewable resources and also supplanting them with Warranties of Origin (GoOs) from this new solar park," said Volker Ludwig, Digital Realty's handling supervisor for Germany.

Engie's role was to match renewable resource supply and demand and also to create a flexible PPA suited to Digital Realty's demands.