E.ON to purchase 3TWh of clean energy annually from RWE Renewables

12 November 2019 (Last Updated June 30th, 2020 17:43)

Global energy company E.ON has signed an agreement to purchase clean energy from RWE Renewables' British windfarms.

E.ON to purchase 3TWh of clean energy annually from RWE Renewables
New Jersey to double offshore wind capacity between 2030 and 2035. Credit: © RWE.

Global energy company E.ON has signed an agreement to purchase clean energy from RWE Renewables’ British windfarms.

As part of the power purchase agreement (PPA), E.ON will be purchasing nearly 3TWh of power annually from RWE-operated windfarms.

The PPA will cover 892MW of onshore and offshore wind generation capacity and include a portion of the London Array, which is claimed to be the world’s second-largest offshore wind farm.

The 2.5-year agreement is expected to support E.ON’s objective to deliver 100% clean energy to its 3.3 million customers in the UK.

E.ON UK chief executive Michael Lewis said: “A significant element of our commitment to providing all our residential customers with renewable electricity, a change at a scale never seen before in Britain, was the fact we have invested more than £3.3bn in renewable energy in the UK in recent years.

“We have now secured the power coming from all those wind farms, as well as similar arrangements we have with more than a dozen independent generators around the country, which means our customers can continue to enjoy an electricity supply backed by UK renewables.

“But the future of energy doesn’t stop here – to combat the climate change, we are now focusing on helping our customers to better manage their energy through smart, personalised and sustainable technologies such as  solar and battery technology, heat pumps and electric vehicle chargers.”

The windfarms were originally built by E.ON as part of its £3.3bn investment in the UK renewables segment.

The ownership of the wind farms was transferred to RWE in October as part of the asset swap, where E.ON Group acquired major stake of RWE in Innogy and in return transferred its major renewable energy activities.

RWE Renewables chief commercial officer Tom Glover said: “Great Britain, where we already operate over 2,000MW of renewable energy plants, is a very attractive market for RWE due to its well-functioning framework.

“PPAs are an extremely important instrument that helps to achieve renewable build-out targets and offer stability for all parties involved.”