Nestlé UK and Ørsted sign PPA
Published by Sarah Smith,
Assistant Editor
Energy Global,
The UK subsidiary of Nestlé has signed a 15-year indexed fixed price agreement with Ørsted to buy green power from the Race Bank Offshore Wind Farm. Nestlé UK will buy the output of 31 MW of the offshore wind farm's 573 MW total capacity.
From 1 May 2020, Nestlé UK will start purchasing 125 GWh of green power per year to cover 50% of Nestlé UK power consumption. The agreement, along with Nestlé UK's already existing PPAs, secures that all of Nestlé UK's consumption is covered by PPAs from renewable energy backed by certificates. For Ørsted, it stabilises revenues for Ørsted's Race Bank Offshore Wind Farm and reduces merchant power price exposure across the portfolio.
In December 2019, Ørsted signed a PPA for offshore wind with Covestro for 100 MW of the output from the Borkum Riffgrund 3 project in Germany. The corporate PPA with Nestlé UK is Ørsted's second in the UK, following the 23MW agreement with Northumbrian Water, signed in February 2019.
Race Bank Offshore Wind Farm is one of the newest operational wind farms in the UK and was commissioned in 2018. It is capable of generating up to 573 MW of green electricity from its 91 Siemens Gamesa 6 MW wind turbines.
Read the article online at: https://www.energyglobal.com/wind/28042020/nestl-uk-and-rsted-sign-ppa/
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