LyondellBasell's 208-MW Solar Deal with Encavis AM

• LyondellBasell secures renewable energy future with 260-MW solar park in Germany, set to power 56,500 homes annually and surpass 90% renewable energy goal by 2030.

LyondellBasell has signed a power purchase agreement with Encavis Asset Management AG for electricity from a 260-MW solar park in Germany. The agreement covers 208 MW of the project's capacity, supplying LyondellBasell with approximately 210 GWh of electricity annually for 12 years, equivalent to the consumption of 56,500 European homes. The solar park, located in Bartow, Mecklenburg-Vorpommern, is set to become one of the largest photovoltaic parks in Germany, with construction already underway and commercial operations expected to start in 2025.

LyondellBasell, aiming to source at least 50% of its electricity from renewable sources by 2030, has been ranked as the third largest corporate buyer of clean energy in 2023. With this latest PPA, the company is on track to surpass 90% of its renewable energy goal. The solar park's future output of 270,000 MWh is projected to be sufficient to power 96,000 homes annually, contributing to Germany's renewable energy transition.

How will LyondellBasell's solar park PPA impact Germany's renewable energy goals?

• LyondellBasell's PPA with Encavis Asset Management AG for electricity from a 260-MW solar park in Germany will help the company source at least 50% of its electricity from renewable sources by 2030.
• The agreement covers 208 MW of the project's capacity, supplying LyondellBasell with approximately 210 GWh of electricity annually for 12 years, equivalent to the consumption of 56,500 European homes.
• The solar park, located in Bartow, Mecklenburg-Vorpommern, is set to become one of the largest photovoltaic parks in Germany, with construction already underway and commercial operations expected to start in 2025.
• LyondellBasell has been ranked as the third largest corporate buyer of clean energy in 2023 and with this latest PPA, the company is on track to surpass 90% of its renewable energy goal.
• The solar park's future output of 270,000 MWh is projected to be sufficient to power 96,000 homes annually, contributing to Germany's renewable energy transition and helping the country achieve its renewable energy goals.