Renewable Power Capital (RPC) and Procter & Gamble (P&G) have inked a landmark power purchase agreement (PPA) for the output from a 140MW wind farm in Sweden.
The 10-year agreement covers more than 90% of the electricity generated by the Sorlidberget wind farm, translating to an estimated 400 gigawatt hours annually.
Sorlidberget is a crucial component of RPC's 553MW cluster of four wind farms located in the Kramfors and Solleftea municipalities, currently in the construction phase. This agreement marks the fourth PPA RPC has secured for the cluster, with previous agreements already in place with LyondellBasell and Ardagh.
With almost 100% of the renewable energy generated by this cluster now contracted, RPC views this milestone as a significant achievement for its largest investment to date.
In a statement, Steve Hunter, Managing Director of Power Markets and Asset Management at RPC, expressed pride in reaching this milestone, saying, “With this deal, we are proud to have reached yet another major milestone for our largest investment to date.”
Hunter further highlighted RPC's strong partnerships, stating, “RPC has an impressive range of partners and we look forward to working with such a significant player as Procter & Gamble on their decarbonisation journey.”
RPC had previously announced the procurement of 80 Nordex turbines for this cluster in January 2024. Nordex is scheduled to commence delivery and installation of the turbines in spring 2025, with operations expected to commence between Q4 2025 and Q1 2026.
