Centrica Energy Trading has signed a two-year corporate power purchase agreement (PPA) with Deutsche Bahn, Germany’s national railway company.
Starting January 2024, Centrica will offtake power from three onshore wind farms with an installed capacity of 60.7MW.
The sites, developed by Prokon in Germany, have a total of 45 turbines and will provide approximately 70GWh of renewable electricity annually to Deutsche Bahn.
“Applying our trading expertise and in-depth understanding of market dynamics, we’re both supporting developers on their investment and helping corporates explore opportunities for green power procurement to deliver on their net zero targets,” said Jan Gibbert, Head of German Origination at Centrica Energy Trading.
Centrica Energy Trading manages approximately 2500MW of solar and wind assets in Germany and aims to build on this position to further support Germany’s energy transition.
In turn, this will help deliver on national climate targets prescribing at least 60% reduction in GHG-emissions by 2030 and carbon neutrality by 2045.