French renewables firm Neoen SA (EPA:NEOEN) on Monday mentioned it has signed a digital energy buy settlement (PPA) for a big a part of the output of its 57.4-MW Storbrannkullen wind farm in Sweden with European packaging firm Coveris.
The ten-year PPA, sealed on the finish of December, will see Coveris purchase greater than 60% of the wind farm’s energy and related ensures of origin. The contract is partially listed to market costs. Neoen will promote the steadiness of the wind park’s manufacturing on the Nordic electrical energy market.
Positioned within the counties of Jamtland and Vasternorrland, the wind facility is because of come on-line in late 2023. Development was initiated in July 2022.
The settlement with Coveris marks Neoen’s second company PPA in Sweden and comes shortly after the signing of Sweden’s largest photo voltaic PPA for the 90-MWp Hultsfred photo voltaic farm that can provide clothes retailer Hennes & Mauritz AB (STO:HM-B), or H&M.
The French agency mentioned the offers mirror its ambition to change into a number one participant within the Swedish market. “We are stepping up the pace of development in Sweden in solar, wind and storage,” mentioned regional director Europe Christophe Desplats-Redier.
The PPA helps Coveris’ sustainability technique and can assist the corporate obtain zero Scope 2 carbon dioxide (CO2) emissions.