Evonik signed a second power purchase agreement (PPA) with EnBW from the planned “He Dreiht” offshore wind farm.
The first PPA was effected last year to purchase 100 megawatts (MW). The second agreement adds a further 50 MW for a 15-year term. As a result, the specialty chemicals company says it should be able to cover more than a third of its power requirements in Europe from 2026 onwards.
“Extending the cooperation with EnBW is the next step on our way to significantly reducing our dependence on fossil fuels and their price fluctuations,” says Christian Kullmann, CEO of Evonik.
Further supply contracts for green electricity directly from the producer are currently in the planning stage.
“We are building the ‘He Dreiht’ wind farm with money raised on the market rather than through state funding. Long-term power purchase agreements are the right way for us to expand renewable capacity,” said Georg Stamatelopoulos, EnBW board member.
The “He Dreiht” wind farm will be built about 90 kilometers northwest of Borkum and around 110 kilometers west of Helgoland and is scheduled to enter operation at the end of 2025. The offshore wind farm being built without state funding is currently one of Europe’s biggest energy transition projects, the companies say. Turbines with an output of 15 megawatts are expected to be used for the first time there.