Vattenfall and Evonik agree on partnership for green electricity

Essen/Berlin, Germany. The power provider Vattenfall and the specialty chemical compounds firm Evonik have concluded new long-term electricity provide contracts. From 2025, two Vattenfall photo voltaic parks in Schleswig-Holstein will provide Evonik with round 120 gigawatt hours of solar energy per 12 months for chemical manufacturing. The contracts have a time period of ten years and fastened circumstances (“Power Purchase Agreement”, PPA). In this manner, Evonik needs to consciously use extra green electricity.

“Germany is the quickest rising market for renewable energies in Europe,” emphasizes Martijn Hagens, accountable member of the Executive Board and Head of Business Area Markets at Vattenfall. “We see a variety of development alternatives right here for the event and advertising of our photo voltaic, onshore and offshore tasks. As the challenge with Evonik exemplifies, electricity partnerships with business play a decisive position right here.”

“Evonik has an bold sustainability technique – and we’re reliably implementing what we’ve got got down to do: In 2022, Evonik concluded provide contracts for green electricity from wind energy. In 2024, we sit up for the primary main provide contracts for solar energy. This marks one other milestone on our method to changing our externally sourced electricity to 100% green by 2030,” says Thomas Wessel, the Executive Board member accountable for sustainability.

Specifically, the Power Purchase Agreements (PPAs) stipulate that Vattenfall will provide Evonik with electricity from two photo voltaic parks in Schleswig-Holstein. One photo voltaic park is positioned south of Flensburg in Silberstedt, with particulars of the second website to observe shortly. They are resulting from be accomplished and related to the grid in 2025 with a complete capability of 120 megawatts peak (MWp). The agreed electricity quantity of round 120 gigawatt hours (GWh) per 12 months corresponds to the annual demand of round 35,000 households and displaces greater than 50,000 tonnes of CO2 per 12 months within the German electricity combine. Vattenfall and Evonik anticipate this cooperation to offer funding safety, safety of provide with green electricity and threat diversification for each events. The present agreements are legitimate for 10 years.

Thomas Wessel emphasizes the significance of the contracts with Vattenfall: “We are sourcing considerably extra green electricity from exterior sources. Around 35 per cent of Evonik’s externally sourced electricity worldwide already comes from renewable sources. Thanks to the brand new agreements with Vattenfall, this share clearly exceeds the 50 per cent mark. We are due to this fact additionally making ourselves much less dependent on fossil fuels.”

“The electricity partnership with Evonik underlines the long-term objective we’re pursuing at Vattenfall: To allow fossil-free residing alongside total worth chains,” explains Hagens. “This additionally consists of our suppliers, our companions and our prospects.” The electricity provide settlement consists of partnership parts equivalent to a shared assumption of alternatives and dangers within the operational administration of the photo voltaic parks.

Chemical manufacturing requires essentially the most constant energy provide potential. At the identical time, the forecast and precise era of renewable power sources typically differ. To deal with this, Evonik has a balancing group administration system for managing its personal chemical parks and websites. This allows Evonik to harmonize electricity provides and demand. This energetic balancing group administration additionally contributes to grid stability.

Observers anticipate demand for electricity partnerships between producers and industrial firms to extend within the coming years. According to a examine by the German Energy Agency (Dena), the amount of PPAs in Germany might rise to 192 terawatt hours by 2030 – protecting 1 / 4 of Germany’s complete electricity demand. A safe, aggressive and environmentally pleasant provide of power performs a decisive position, not least for the energy-intensive chemical business in Germany. At the identical time, the business manufactures quite a few merchandise that make it potential to understand the concept of the power transition within the first place.