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March 19, 2021

Air Liquide and Vattenfall sign 100GWh power purchase agreement

French industrial gas producer Air Liquide has signed a 100GWh power purchase agreement with Vattenfall in the Netherlands.

By Umesh Ellichipuram

French industrial gas producer Air Liquide has signed a 100GWh power purchase agreement with Vattenfall in the Netherlands.

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Under the agreement, Air Liquide will purchase electricity from the Hollandse Kust Zuid wind farm located off the Dutch coast.

The 15-year power contract will begin in 2023, after the wind farm becomes operational. Air Liquide will use the energy to power its factories in the Netherlands.

Air Liquide executive vice-president François Jackow said: “This agreement will enable us to provide our customers with solutions contributing to the reduction of CO₂ emissions, in line with our climate objectives.

“In the context of an unprecedented transformation of the energy sector in Europe, Air Liquide is accelerating its commitment to take a leading role in the energy transition by supporting the development of renewable resources to foster a low-carbon economy in Europe.”

The deal represents the first power contract signed by Vattenfall for the Hollandse Kust Zuid wind farm. Lying between 18km and 36km off the Dutch coast, it is said to be the first subsidy free offshore wind farm in the world.

The wind farm will use 140 wind turbines to produce more than 6TWh of green electricity annually. Construction works will begin this year.

A Vattenfall spokesperson said the wind farm supports the company’s ambition to provide all its Dutch customers with entirely Dutch fossil-free electricity by 2030.

Vattenfall Netherlands CEO Martijn Hagens said: “We are delighted that Air Liquide, which has ambitious sustainability targets, will purchase fossil-free electricity from Vattenfall.

“Long-term contracts like these provide us with financial security and enable us to keep investing in wind and solar farms, a cornerstone in our ambition to enable fossil free living within one generation.”

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Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

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