EnBW, the German energy company, has entered into a new power purchase agreement (PPA) with Deutsche Telekom subsidiary Power and Air Condition Solution Management (PASM). Under this agreement, EnBW will supply PASM with 100 megawatts (MW) of power generated from its forthcoming 960MW He Dreiht offshore wind farm, located in the North Sea.
The PPA, structured to span a 15-year contract term, is a pivotal step in advancing the utilization of renewable energy sources. EnBW's He Dreiht offshore wind farm is slated to commence construction in May 2024, with operations expected to begin by the end of 2025. This agreement represents a commitment to the sustainable and clean energy goals of both EnBW and PASM.
Bernd Schulte-Sprenger, Managing Director of PASM, expressed his enthusiasm for the partnership, stating, “Our partnership with EnBW under the power purchase agreement (PPA) for the He Dreiht wind farm enables us to jointly advance the energy transition and make a good contribution towards achieving our climate targets.”
Georg Stamatelopoulos, Chief Operating Officer of Sustainable Generation Infrastructure at EnBW, emphasized the importance of collaborative efforts in achieving the energy transition, saying, “We can only achieve the energy transition by working together. PPAs serve as a tool to this end. They help companies to achieve ambitious climate targets and provide developers of renewable projects with a reliable source of funding. This benefits the economy and the climate in equal measure.”
EnBW's partnership with PASM marks a significant step toward ensuring the success of the He Dreiht offshore wind farm. By securing more than half of the project's capacity through PPAs, EnBW demonstrates its commitment to advancing clean energy and sustainability. This agreement highlights the growing significance of renewable energy partnerships in shaping a greener future.