Eneco and LyondellBasell have signed a power purchase agreement (PPA) covering 25MW of capacity from the Hollandse Kust West (HKW-6) offshore wind farm off the Netherlands.
Eneco will deliver approximately 103 gigawatt-hours of offshore wind power to LyondellBasell annually, starting in 2027.
This agreement brings LyondellBasell’s total secured renewable electricity capacity to 100% of its renewable electricity procurement target.
“Taking climate action is a key part of our strategy to create value for our stakeholders, the environment and society. I am therefore delighted that this latest agreement will help us reach our 2030 renewable electricity goal once all projects become operational,” said LyondellBasell chief executive Peter Vanacker.
“Power Purchase Agreements are a critical lever in our efforts to reduce our absolute scope 1 and 2 greenhouse gas emissions.”
Approximately 15% of LYB’s 2020 baseline scope 1 and 2 greenhouse gas emissions come from its electricity consumption.
The company aims to procure a minimum of 50% of its electricity from renewable sources by 2030 is based on 2020 procured levels.