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Vattenfall and Deutsche Telekom Sign Solar Power Agreement

Power News - Published on Thu, 20 Feb 2020

Image Source: nsenergybusiness.com
Vattenfall and the Deutsche Telekom subsidiary Power & Air Solutions have signed an energy supply contract based on solar power with a term of ten years. The renewable electricity comes from a new solar park, which will be built by the customer in Mecklenburg-Western Pomerania in mid-2021. The plant will have an installed capacity of 60 megawatts. Vattenfall Director Sales & Origination 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.”

According to Christine Lauber, the further expansion of renewable energies in Germany in the future will not be supported by the EEG subsidy scheme to the same extent anymore but mainly be based on PPA contracts.

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Posted By : Rabi Wangkhem on Thu, 20 Feb 2020
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