Shell signs 15-year PPA
Published by Theodore Reed-Martin,
Editorial Assistant
Energy Global,
Shell Energy Europe ltd has signed a 15-year power purchase agreement (PPA) with HANSAINVEST Real As-sets to secure 600 MW of capacity at Germany’s largest solar project. Microsoft has already secured 323 MW of this renewable energy capacity from Shell.
The Witznitz energy farm, which is being constructed by MOVE ON Energy on the site of a former opencast coal mine near Leipzig, eastern Germany, is expected to start generating electricity by the end of 2023.
“We are continuing to strengthen our low-carbon power portfolio,” Tom Summers, European Vice President at Shell Energy Trading, said. “Solar power purchase agreements enable us to combine our strengths in power trading and optimisation with our existing customer relationships to deliver more value with less emissions."
Shell Energy Europe has separately agreed to sell the power generated by 323 MW of the solar capacity to Microsoft Corporation, helping Microsoft to meet its commitment of having a 100% supply of renewable energy by 2025.
By providing more and cleaner energy solutions to its customers, Shell aims to profitably transition into a net-zero emissions energy business by 2050.
For more news and technical articles from the global renewable industry, read the latest issue of Energy Global magazine.
Energy Global's Summer 2023 issue
The Summer 2023 issue of Energy Global hosts an array of technical articles focusing on alternative fuels, battery storage solutions, solar optimisation, and more. This issue also features a regional report on the recent developments in the European renewables market.
Read the article online at: https://www.energyglobal.com/solar/08092023/shell-signs-15-year-agreement-with-largest-solar-project-in-germany/
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