Ørsted secures 50-MW PPA from Google for German offshore wind farm

Ørsted A/S (CPH:ORSTED) has inked a corporate power purchase agreement (PPA) with Google for the tech group to buy power from 50 MW of the Danish energy company’s 900-MW Borkum Riffgrund 3 offshore wind project in Germany.

The project in the German North Sea was awarded with a zero-subsidy bid and the 12-year offtake contract with Google will help provide revenue certainty and mature the development towards a final investment decision, Ørsted said today. The final investment decision is expected by the end of the year, with the wind park seen to be completed in 2025.

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The deal supports Google’s goal of operating on 24/7 carbon free energy by 2030. According to Rasmus Errboe, head of region Continental Europe at Ørsted, the PPA shows that offshore wind plays a key role in enabling a 24/7 carbon-free energy solution in Europe.

This is the latest PPA that Ørsted secures for Borkum Riffgrund 3. Earlier this month, it unveiled a 25-year PPA with BASF SE (ETR:BAS), under which the German chemicals company will purchase the output of 186 MW from the wind farm at a fixed price.