RWE Supply & Trading and Ineos have entered into a long-term power purchase agreement (PPA) under the terms of which Ineos will purchase 198 gigawatt hours of green electricity a year over 10 years
The power will be generated by the Northwester 2 offshore windfarm in the Belgian sector of the North Sea. The windfarm is located off the coast of Zeebrugge and is operated by Belgian company Parkwind. The PPA represents around 25% of the electricity generated by Northwester 2.
The PPA will enable Ineos to reduce its carbon footprint in Belgium by 745,000 tonnes of CO2 over the term of the agreement.
Ineos is one of a series of accounts RWE provides with green electricity on the basis of PPAs. Deutsche Bahn purchases electricity generated from hydropower and offshore wind, and Bosch recently concluded a purchase agreement for solar power with RWE Supply & Trading.
Ineos Trading chief executive David Thompson said, “This agreement with RWE is another important step as we further reduce our carbon emissions from our energy consumption in Belgium.
“Combined with our earlier agreement in September, the deals reduce our carbon footprint by nearly 2M tonnes of CO2. We will continue to look at options for further expanding the use of renewable energy. Agreements such as this support our roadmap towards a reduction in carbon based energy across our sites.”
Northwester 2 supplies the Belgian grid with green electricity from 23 turbines, each with a capacity of up to 9.5 MW. The windfarm’s total power generation has been marketed by RWE Supply & Trading since Q2 2020. It is the seventh windfarm in the Belgian North Sea and has a total installed capacity of 219 MW.