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.
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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.
