E.ON and RWE Renewables have announced a new 2.5-year agreement on purchasing the output of more than 20 British wind farms. With this power purchase agreement (PPA) E.ON buys around 3TWh of power annually from wind farms around Great Britain which are operated by RWE.
It covers a capacity of 892MW of onshore and offshore wind generation. The wind farms were originally built by E.ON as part of the company’s GBP 3.3 billion investment in UK renewables over the last decade. Ownership transferred to RWE at the start of October as part of the asset swap deal in which E.ON Group took over RWE’s stake in Innogy in return for E.ON’s renewable energy activities, amongst other things.
