Stock-listed?
YES
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Location
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Chausseestraße 23, Berlin, Germany
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Solna Municipality, Stockholm, Sweden
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Description
Developer of onshore and offshore wind, solar, hydro and biomass projects
Vattenfall is a Swedish utility provider for electricity and gas that is looking for sustainable ways to provide energy. Thus, it is developing renewable energy from wind over solar to biomass projects.
PPA between Vattenfall and Air Liquide for offshore wind farm
Vattenfall signed a power purchase agreement (PPA) with French manufacturer Air Liquide in June 2022. The PPA covers 115MW of the 1.5GW offshore wind farm Hollandse Kust Zuid, located in the North Sea off the Netherlands. The offshore wind project is owned by Vattenfall, BASF and Allianz and will provide Air Liquide with about 500 GW-hours annually for 15 years from 2025. The wind farm is expected to be fully operational in 2023. Consisting of 140 wind turbines, this is the first offshore wind project in the world that is developed without any subsidy.
Image Source: Unsplash, 19.03.21
Asset Classes
Stock ticker
AB 09/39
Working with PPAs?
Yes
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