Neoen signs VPPA for Swedish wind farm

The 57.4 MW wind farm, which is currently under construction, is located in the counties of Jämtland and Västernorrland, spanning the municipalities of Ragunda, Strömsundand Sollefteå, around 100 kilometres from the city of Östersund. Construction began in July 2022 and the farm is scheduled to be commissioned in late 2023. 

Neoen has signed a virtual power purchase agreement (Virtual PPA) with Coveris which is the compamny's second Corporate PPA in Sweden within a few weeks, following the signing of the largest solar PPA in the country to date. This 10-year agreement is partially indexed to market prices. The remaining energy and guarantees of origin will be sold by Neoen on the Nordic electricity market. 

Christophe Desplats-Redier, Regional Director Europe at Neoen, said: “I would like to thank Coveris for their trust and congratulate our local team for this agreement. As the construction of our first Swedish wind farm was launched in July, we are very proud to see this PPA come to fruition. After the large solar agreement recently concluded, it is our second Corporate PPA signed in 2022 in Sweden. We are stepping up the pace of development in Sweden in solar, wind and storage.”

Christian Kolarik, CEO Coveris, commented: “Renewable energy is a major pillar of our overall sustainability strategy. As one of the major players in the packaging industry, we are extremely proud to support the materialization of Neoen’s wind farm and therewith, increase European green energy supply. This new virtual power purchase agreement with Neoen is also instrumental in realizing our “No Waste” sustainability strategy, helping Coveris to achieve zero Scope 2 CO2 emission and improve our overall ESG status.”