Statkraft and Süwag sign PPA in Germany

Wind Industry Profile of

Statkraft, Europe's largest producer of renewable energy, and Süwag Vertrieb AG & Co KG signed a power purchase agreement (PPA) for a period of two years. From January 2022 until the end of the term in December 2023, Statkraft will supply around 10 GWh of green electricity per year from wind power to the regional energy supplier.

The green power will be generated in three wind farms from Statkraft's wind portfolio. Two of the farms are located in Hesse and thus supply regional green power to Frankfurt-based Süwag. With the PPA, the regional utility secured the continued economic operation of the wind farms after the subsidies under the Renewable Energy Sources Act (EEG) have expired. Through the power purchase agreement, Süwag receives... ... More: Official Press Release Statkraft

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Statkraft, Süwag, PPA, power purchase agreement, GHw, green, electricity, Germany, wind famr, osnhore, market