Ineos Buys Northwester 2 Power
RWE Supply & Trading and Ineos have entered into a long-term Power Purchase Agreement (PPA) for the Northwester 2 offshore wind farm in Belgium.
RWE signed a long-term PPA with project developer Parkwind last year with plans to sell the electricity and guarantees-of-origin to its large industrial and municipal customers.
Under the terms of the new ten-year agreement set to begin in 2021, Ineos will purchase 198 GWh of green electricity per year generated by Northwester 2.
The PPA represents around 25% of the electricity generated by the 219 MW wind farm.
According to RWE, thanks to the PPA, Ineos will reduce its carbon footprint in Belgium by 745,000 tonnes of CO2 during the term of the agreement.
“This agreement with RWE is another important step as we further reduce our carbon emissions from our energy consumption in Belgium,” said David Thompson, CEO of Ineos Trading.
“Combined with our earlier agreement in September, the deals reduce our carbon footprint by nearly 2 million tonnes of Carbon Dioxide.”
Northwester 2 comprises 23 MHI Vestas 9.5 MW turbines located some 50 km north-west of Oostende. It was commissioned in May.