A Deutsche Telekom subsidiary has signed a 10-year supply contract with Vattenfall for electricity from its new solar park in Germany.
Vattenfall and Power & Air Solutions have signed a corporate power purchase agreement for clean electricity generated by the 60MW photovoltaic plant, which will be built in Mecklenburg, west Pomerania in mid-2021.
Vattenfall sales and origination director Christine Lauber said: “We are very pleased that with this agreement we are further accelerating the growing market for long-term electricity supply contracts for industrial customers in Germany.
“Vattenfall’s goal is to enable fossil-free living within one generation. That also means supporting our customers in achieving their sustainability goals.”
She added: “Investors can use the PPA instrument to partially hedge their risks for new wind and solar parks, and customers have direct, long-term access to green electricity.
“In this way, they can contribute directly to the expansion of renewable energy.”
Earlier this month Vattenfall signed its first long-term corporate PPA in the UK with beverage manufacturer AG Barr.