Fraport AG, owner and operator of Frankfurt Airport, and leading energy provider Centrica Energy Trading have announced the signing of a five-year renewable consumption PPA for wind power developed in northern Germany by PNE AG.
Starting July 2023, Centrica will offtake power production from a recently commissioned onshore site developed by PNE, providing Fraport with approximately 63GWh of renewable electricity annually. The wind farm has a total capacity of 22MW, generating enough renewable electricity to annually displace approximately 24,300 tonnes of CO2.
The agreement is key to Fraport AGs renewable energy procurement strategy, enabling greater energy security, price certainty on energy consumption, alongside reductions in carbon emissions to be recorded against corporate sustainability and net zero targets. For PNE, this offers a good opportunity to deliver the clean energy generated by its wind farms to a leading airport business over an extended period, contributing to climate-neutral aviation.
“Germany’s green transition is accelerating, and the focus on sustainability and demand for renewable energy solutions only continues to grow,” said head of German origination at Centrica energy marketing & trading Jan Gibbert.
“We’re excited to have entered into this agreement with Fraport which underlines our commitment to delivering the green services and solutions needed to secure further growth and integration of renewable energy systems across Europe,” he added.
Welcoming the deal, head of real estate and energy at Fraport Felix Kreutel said: “Fraport has set itself an ambitious climate goal. By 2045, we will reduce our carbon emissions to zero throughout the Group. The PPA with Centrica is an important pillar in our strategic planning. Even now, it is making a major contribution towards shifting our energy mix in the right direction.”
Head of energy supply services and PPA management at PNE Nils Kompe added: “We are delighted to be part of this deal between Centrica and Fraport with our wind project. It shows that corporate PPAs will play an important role in the success of the energy transition.”