Herausgeber: wpd AG
Further successes on the Spanish wind market: wpd concludes PPA for
Bremen (renewablepress) - wpd can report further successes with the Spanish project cluster ‘Torozos’ even in times made more difficult by the corona crisis. Through its project company for the onshore wind farm project ‘Corralnuevo’, the Bremen-based developer and operator of onshore and offshore wind farms has signed a Power Purchase Agreement (PPA) with Ball Corporation, based in Broomfield, Colorado, USA.
The Corralnuevo project is located on the Torozos plateau in the Spanish region of Valladolid, Castilla y León, and is part of wpd's Torozos project cluster which includes the other wind farms Las Panaderas, El Poleo and Navillas. wpd has already signed long-term PPAs for these three projects which have already been completed with a total capacity of 135 MW.
The Corralnuevo project consists of 12 Siemens Gamesa G132-3,465 MW turbines with a hub height of 114 m and is designed for a total capacity of 41.58 MW. The expected energy yield is about 120 GWh per year.
The energy yield of the project was a major incentive for Ball’s involvement. “Entering into the Power Purchase Agreement for the Corralnuevo wind farm with wpd underlines our commitment to a low-carbon future and to meet the environmental objectives of our customers,” says Ron Lewis, President of Ball Beverage Packaging Europe. “In line with our commitment to reducing our CO2 emissions, it will enable us to reduce our Scope 2 greenhouse gas emissions in Europe by approximately 24%.”
The contract concluded with Ball is a virtual PPA (vPPA), starting in 2021, and will cover approximately 100 GWh of the project's electricity generation per year, equating to more than 1 TWh over the entire term of the PPA. “The fact that we have gained another major company as a partner for PPAs in Ball and are able to support them in realizing a climate-friendly energy supply, represents wonderful affirmation of our commitment to renewable energies,” says Wilko Smidt, responsible for project management and PPAs at wpd onshore. “At the same time, this success strengthens our positioning as an experienced and reliable partner for PPAs in the renewable energy market.”
wpd AG develops and operates wind farms on- and offshore and solar farms. The Bremen-based German company operates in 25 countries worldwide and has realized wind energy projects with around 2,270 wind turbines and an output of 4,720 MW. The project pipeline comprises a total of 11,300 MW wind onshore, 7,400 MW wind offshore and 1,150 MW of solar energy.
About Ball Corporation
Ball Corporation supplies innovative, sustainable aluminum packaging solutions for beverage, personal care and household products customers as well as for aerospace and other technologies and services. Ball Corporation and its subsidiaries employ more than 18,300 people worldwide and reported 2019 net sales of $11.5 billion. For more information, visit www.ball.com.
Bremen, 28 May 2020
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About wpd AG
wpd was founded in 1996 in Bremen/Germany and has become one of the leading developers and operators of wind on- and offshore and solar farms in Europe. With a staff of 3,200 employees worldwide, the wpd group has realized projects with 2,400 wind turbines and an output of 5,150 MW in total.
In addition to developing projects in-house, wpd also assumes project partnerships, commercial set-up, contractual drafting, project financing until completion and operation of wind turbines. wpd is constantly expanding its international activities and has set up a worldwide project pipeline of 12,300 MW onshore, 13,800 MW offshore and 1,650 MWp solar PV. Today, the company is active in 28 countries worldwide.
Since 2003, wpd has consistently received a first-class A rating from the Euler Hermes agency (Allianz Group). In addition to the positive status quo analysis, this external assessment of creditworthiness also illustrates the company's very good future prospects.