London-based Renewable Power Capital (RPC) and global consumer goods titan Procter & Gamble have sealed a decade-spanning Power Purchase Agreement (PPA) for the Sörlidberget wind farm in Sweden. This collaboration marks a significant stride towards renewable energy integration within corporate operations.
Under the terms of the agreement, RPC will supply over 90% of the wind farm's generated electricity to Procter & Gamble, amounting to an estimated 400GWh annually of clean power. The Sörlidberget wind farm, nestled within RPC's ambitious 553MW cluster in Sweden's Kramfors and Sollefteå municipalities, is presently undergoing construction.
This deal is a pivotal addition to RPC's roster of PPAs, with prior agreements already in place with industry stalwarts such as LyondellBasell and Ardagh. Notably, RPC's commitment to sustainability is further underscored by the imminent deployment of 80 Nordex turbines, scheduled for delivery and installation by spring 2025. Operations for the wind cluster are slated to commence between the fourth quarter of 2025 and the first quarter of 2026.
Steve Hunter, RPC's managing director of power markets and asset management, expressed pride in achieving this milestone, stating, “With this deal, we are proud to have reached yet another major milestone for our largest investment to date.”
He added, “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.”
