The Witznitz Energy Park near Leipzig in Germany is expected to be complete by the end of 2023. (Source: HANSAINVEST)
Shell Energy Europe Ltd. said Sept. 7 it signed a 15-year power purchase agreement (PPA) for solar power from Witznitz Energy Park, the largest solar project being developed in Germany.
The PPA with asset owner HANSAINVEST Real Assets is for 600 megawatts (MW) of capacity, Shell said in a news release. The energy company said it will sell 323 MW to Microsoft Corp. as part of a separate agreement. Both companies are working toward net-zero ambitions. Microsoft has committed to a 100% supply of renewable energy by 2025, while Shell is targeting net-zero emissions by 2050.
“We are continuing to strengthen our low-carbon power portfolio,” Tom Summers, European vice president at Shell Energy Trading, said in the release. “Solar power purchase agreements enable us to combine our strengths in power trading and optimization with our existing customer relationships to deliver more value with less emissions.”
The solar project, being constructed by Move On Energy at the former site of a coal mine near Leipzig, is expected to start generating electricity by year-end 2023.
Recommended Reading
DOE: ‘Astounding’ US LNG Growth Will Raise Prices, GHG Emissions
2024-12-17 - The Biden administration released Dec. 17 a long-awaited report analyzing the effects of new LNG export projects, which was swiftly criticized by the energy industry.
Cheniere Produces First LNG in Corpus Christi Expansion Project
2024-12-30 - Houston-based Cheniere adds to quickly growing U.S. production capacity.
US NatGas Prices Jump 7% to 1-Yr High on Surprise Storage Draw, Colder Forecasts
2024-11-21 - The U.S. Energy Information Administration said utilities pulled 3 Bcf of gas from storage during the week ended Nov. 15.
Mexico Pacific’s Saguaro: LNG’s Quicker Route to Asian Markets
2024-11-19 - Mexico Pacific’s 30-mtpa Saguaro LNG terminal promises a connection to Asia for Permian Gas that avoids the Panama Canal.
Venture Global Plaquemines Plant on Track to Produce LNG
2024-12-13 - Venture Global LNG’s Plaquemines plant was on track to pull in about 0.16 Bcf/d of pipeline gas on Dec. 13, up from 0.10 Bcf/d on Dec. 12, according to LSEG data.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.