Spanish electrical utility Iberdrola SA (BME:IBE) stated on Thursday that it has signed an influence buy settlement (PPA) with Mercedes-Benz Group AG (ETR:MBG), securing an off-taker for part of the era output from its 315-MW Windanker offshore wind farm within the German Baltic Sea.
Underneath the settlement, Mercedes-Benz will procure electrical energy generated by a roughly 140-MW portion of Windanker’s whole deliberate capability, Iberdrola stated.
Subscribe for Renewables Now’s Company PPA Publication right here at no cost!
The ability provide is because of begin in 2027. Iberdrola expects to totally fee Windanker that very same 12 months.
Mercedes-Benz is the biggest off-taker from the Windanker wind farm, Iberdrola stated. The information comes a day after the utility introduced that Amazon.com Inc (NASDAQ:AMZN) signed up for Windanker’s output as a part of a wider deal.
“The agreement with Mercedes-Benz Group AG is an important step that allows Iberdrola Deutschland to expand partnerships with industrial and commercial customers that are willing to reduce their carbon footprint and transition towards a green economy. It is through cooperations like these that we can develop large-scale renewable energy projects successfully and on market-based mechanisms,” stated Iberdrola Deutschland CEO Felipe Montero.