Statkraft Signs 250 GWh German PPA

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Statkraft has signed an agreement to supply ZF with 250GWh of electricity for its German plants and offices. Spanish wind farms will power the offtake agreement with ZF, automotive supplier.

The PPA supports the automotive supplier’s goal to switch all its locations to 100% renewable power by 2030.

Statkraft, based on a cross-border PPA will deliver 100GWh of wind power from wind farm in Zaragoza in Spain to ZF sites (Germany) in 2022, and 150GWh in 2023.

A baseload delivery is used to integrate the green power quantities into full supply.

The power consumed by the supplied wind power is approximately. The supplied wind power reduces ZF’s annual CO2 emissions by approximately 72,000 households in Germany.

Patrick Koch, Statkraft’s head of origination Germany, said that he was pleased to help ZF achieve its sustainability goals through this cross-border renewable PPA.

“We consider it part of our job to support industrial companies in Germany with high quality green power solutions on the way to climate neutrality.”

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Michael Karrer, ZF senior vice president of sustainability & EHS, stated that the supply agreement supports our ambitions to sustainably expand renewable energies.

“The emphasis on green power is in line with our corporate culture as well as our leadership position as a global manufacturer of gearboxes to support wind turbines.

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