Neoen has signed a virtual power purchase agreement with Coveris covering output from Storbrannkullen wind farm in Sweden.
Under the PPA, Coveris will purchase the equivalent of over 60% of the green energy to be produced and transmitted to the Swedish grid by the 57.4MW project.
This 10-year agreement is partially indexed to market prices.
The remaining energy and guarantees of origin will be sold by Neoen on the Nordic electricity market.
The Storbrannkullen wind farm is located in the counties of Jamtland and Vasternorrland, spanning the municipalities of Ragunda, Stromsund and Solleftea, around 100km from the city of Ostersund.
Construction began in July 2022 and the farm is scheduled to be commissioned in late 2023.
Christophe Desplats-Redier, Neoen Regional Director Europe, said: “As the construction of our first Swedish wind farm was launched in July, we are very proud to see this PPA come to fruition. After the large solar agreement recently concluded, it is our second corporate PPA signed in 2022 in Sweden. We are stepping up the pace of development in Sweden in solar, wind and storage.”
Christian Kolarik, Coveris CEO, added: “Renewable energy is a major pillar of our overall sustainability strategy. As one of the major players in the packaging industry, we are extremely proud to support the materialisation of Neoen’s wind farm and therewith, increase European green energy supply.”