Vattenfall safeguards 10-year power supply bargain for 60 MW of German solar

Feb 13, 2020 12:27 PM ET
  • A Deutsche Telekom subsidiary has actually consented to purchase solar energy from Vattenfall.
  • Swedish power firm Vattenfall as well as the Power & Air Solutions subsidiary of German telecoms firm Deutsche Telekom, have actually authorized a business 10-year solar energy acquisition contract (PPA).
Vattenfall safeguards 10-year power supply bargain for 60 MW of German solar
Image: Vattenfall

Under the agreement, Vattenfall will certainly supply Power & Air Solutions with power created by a 60 MW solar energy plant in Mecklenburg-Western Pomerania, in eastern Germany.

The solar park is under advancement as well as building and construction is prepared for mid-2021. The acquisition cost for the solar energy was not revealed.

"We are extremely delighted that with this agreement ... we are remaining to progress the expanding market for long-lasting electrical energy supply contracts for commercial clients in Germany," claimed Christine Lauber, supervisor available and also source Germany at Vattenfall.

Company PPAs are extra usual in various other parts of Europe with Vattenfall declaring to be a leader in such handle a resilient north European market. The Swedish power business, which started an activity versus the German federal government in October 2016 over the state's choice to eliminate nuclear power, authorized a lasting electrical energy supply agreement with a U.K. drink maker at the beginning of the month.

A current record by Enervis Energy Advisors, launched by German working as a consultant Enervis, specified the country has a 1.05 GW pipe of wind and also solar projects for which reciprocal PPAs have actually been protected.