RenewablePress.com

Renewable Energy - Press Center

fotolia 73444491 1280 256

Press Release

Publisher: wpd GmbH

wpd establishes itself as a partner for PPAs on the wind energy market in Northern Europe

Bremen (renewablepress) - wpd has successfully established itself in the Northern European market for renewable energies as a partner for direct power supply contracts, so-called Power Purchase Agreements (PPAs). In doing so, the company is building on its extensive experience with direct power supply contracts gained in numerous projects in other countries.

In Finland and Sweden in particular, wpd will supply large companies such as Google, UPM and other well-known enterprises with energy from its own wind farms. This commitment to the development of an independent and decentralized supply of green electricity ensures the long-term profitability of the wind farms without state subsidies and promotes local value creation.

The recently concluded agreement with UPM Kymmene, the world's leading producer of pulp, paper and innovative wood-based products, guarantees the purchase of most of the green electricity produced by wpd’s Karhunnevankangas wind farm, a total of almost 4 TWh, for the duration of the contract. The wind farm is being built in the municipality of Pyhäjoki in western Finland and is expected to be operational in 2022. It is planned to have 32 WTGs of the latest turbine generation with a capacity of about 6 MW each.

"It is a great success for our team in Finland that we have been able to partner with a sustainable company like UPM," says Heikki Peltomaa of wpd Finland. "UPM's long-term commitment provides a reliable investment base for our project.”

As a result of making such a sustainable commitment and developing cooperations with its partners designed for continuity, wpd has thus been able to secure and market the installation of 200 MW of green production capacity in Northern Europe to date. Additional 71 MW are already under construction and further corporate PPAs covering a project volume of about 260 MW have been closed as of today.

In addition to these projects currently being implemented, wpd has a pipeline of around 1,000 MW each in the Swedish and Finnish wind energy markets. wpd is already in talks with a number of potential partners who want a PPA to make them independent of price fluctuations on the electricity markets and contribute to the energy transition.


About wpd AG

wpd is a developer and operator of onshore and offshore wind farms with 2,200 employees worldwide, the headquarter is in Bremen. In more than 20 years, the company has realised projects with 2,200 wind turbines and a total capacity of 4,450 megawatts. On an international scale, wpd is planning projects of around 8,725 megawatts onshore, 7,250 megawatts offshore and 825 megawatts PV.
www.wpd.de


Bremen, 12 February 2020


Publication and Reprint free of charge; please send a voucher copy to wpd AG.



Attention editorial offices - For further questions please contact:

Media contacts:
Christian Schnibbe
Head of Communication
Phone: +49 (421) 16866-10
E-Mail: c.schnibbe@wpd.de

wpd AG
Stephanitorsbollwerk 3 (Haus LUV)
28217 Bremen

Internet: https://www.wpd.de


Heikki Peltomaa
Managing Director, wpd Finland Oy
Keilaranta 19
02150 Espoo, Finland

E-Mail: h.peltomaa@wpd.fi



Online press kit - all press releases from DE239541638


Press photos for editorial use only
Note: For the content of this press release the issuer / publisher of the release is »DE239541638« responsible.

The press release "wpd establishes itself as a partner for PPAs on the wind energy market in Northern Europe" von DE239541638 is also available in the following languages:


More press releases from wpd GmbH


About wpd GmbH

wpd was founded in Bremen in 1996 and has become one of the leading developers and operators of onshore wind and solar farms in Europe. The group of companies consists of wpd GmbH (project developer and operator), wpd windmanager (commercial management and technical operations) and Deutsche Windtechnik (maintenance and engineering).

With 3,700 employees worldwide, wpd has implemented projects with 2,630 wind turbines and a total capacity of 6,110 MW, as well as solar energy projects with a capacity of 35 MW.

Besides developing projects in-house, wpd also undertakes project partnerships, commercial construction, contracting, project financing through to completion and the operation of wind and solar energy plants.

In addition to its home market in Germany, wpd is also active in the main wind and solar markets in Europe, in North and South America, and in various countries in the rapidly growing Asian market. The company has built a global project pipeline of 13,870 MW of onshore wind and 2,300 MWp of solar PV. Today, wpd is active in 29 countries worldwide.

www.wpd.de

Press contact at wpd GmbH

Christian Schnibbe
Mail: c.schnibbe@wpd.de
Phone: +49 (0)421 / 16866-10

Christian Schnibbe

Press contact

Christian Schnibbe

Christian Schnibbe
wpd GmbH
Mail: c.schnibbe@wpd.de
Phone: +49 (0)421 / 16866-10