German renewable energy developer PNE has signed a ten-year power purchase agreement (PPA) with semiconductor manufacturer Infineon Technologies to supply green electricity from two wind farms in Brandenburg, the companies said on Tuesday.
Under the agreement, Infineon will receive renewable power generated by PNE’s 24-megawatt (MW) Schlenzer and Kittlitz III wind projects. The electricity will supply Infineon’s sites in Dresden, Warstein, Regensburg and Munich/Neubiberg.
The two wind farms are expected to deliver around 550 gigawatt-hours (GWh) of clean electricity over their operational lifetime.
“We’re pleased to support industrial companies such as Infineon in achieving their own climate and production decarbonisation targets,” said Roland Stanze, chief operating officer at PNE. He added, “This also shows that industry is still interested in long-term PPAs. Agreements like these enable companies to secure clean electricity on a predictable long-term basis in an uncertain market.”
The deal comes amid challenging market conditions characterised by increased price volatility affecting both renewable producers and industrial buyers.
Christoph Reisky, senior PPA originator at PNE, noted, “This is why a balanced distribution of risk, innovative trading concepts and mutual trust are all the more important in such long-term partnerships.”
PNE said the agreement highlights the ongoing importance of long-term corporate PPAs in advancing industrial decarbonisation and expanding renewable energy capacity in Germany.
