ees 2019
18 August 2018 2018 09:45 AM GMT

Poland Scores Big: Mercedes-Benz Agrees Europe’s First Automotive Sector PPA

Mercedes-Benz has announced Europe’s first automotive Power Purchase Agreement (PPA) with a Polish wind farm. It is also the first such deal signed in Poland. It will buy electricity generated at the 45MW wind farm to power its manufacturing facility in Jawor, 10km away from the wind farm. The longer-term goal is to source all of its power needs from renewables.

The Taczalin wind farm has been operational since 2013. The operator is VSB Energie Odnawialne Polska. Poland’s renewable energy scheme allows renewable energy suppliers to sell their electricity either on the market or as part of a PPA. Corporate PPA deals like this are expanding rapidly in Europe. There was a 130% increase in the volume of wind energy contracted through such PPAs in 2017 alone.

WindEurope CEO Giles Dickson said: “This is a double first. The first corporate renewable PPA deal in the automotive sector and the first major PPA in Poland. PPAs all started in the ICT sector. Now we’re seeing them in manufacturing sectors such as aluminium, chemicals, steel, pharmaceuticals – and automotive. Renewable PPAs provide corporate energy consumers with reliable and competitively-priced power – and enable them to lock in their energy costs at fixed prices over a long period. They also provide stable revenue for wind farms which reduces financing costs. So it’s win-win all round.”

WindEurope actively promotes wind power in Europe and worldwide. It has over 450 members, active in over 40 countries. Its membership encompasses wind turbine manufacturers, component suppliers, research institutes, national wind and renewables associations, developers, contractors, electricity providers, finance and insurance companies, and consultants.

VSB Energie Odnawialne Polska sp zoo (VSB EO PL) is part of the German VSB holding. Taczalin is its largest project.

Mercedes-Benz is a global automobile marque and a division of the German company Daimler AG. The brand is known for luxury vehicles, buses, coaches, and lorries. The headquarters is in Stuttgart, Baden-Württemberg. The name first appeared in 1926 under Daimler-Benz.

February 19th 2019
Wind: China Maintains Emerging Markets Top Spot Following 19.7GW Build Boom

Wind industry intelligence service A Word About Wind has launched its Emerging Markets Attractiveness Index report for 2018, which provides insight and analysis into the most attractive emerging markets for wind companies. The index, now in its second year, ranks the top 30 emerging markets that investors should consider when investing in wind in Europe, Africa, Asia and Latin America. The list considers factors including political and economic stability for investors, alongside the growth of electricity demand and potential for wind growth, in order to rank the countries by overall potential. As with last year’s report, China tops the list and the ongoing trade war with the US shows no sign of slowing China’s formidable growth.

February 28th 2019
Corporate Sourcing of Renewables Growing, Taking Place in 75 Countries

Companies in 75 countries actively sourced 465 terawatt hours (TWh) of renewable energy in 2017, an amount close to the overall electricity demand of France, according to the report from the International Renewable Energy Agency (IRENA). With the continued decline in the costs of renewables, the report suggests, corporate demand will continue to increase as companies seek to reduce electricity bills, hedge against future price spikes and address sustainability concerns.

November 16th 2018
India: Improved Monsoon Winds Help Power Producers in 2018 

After a prolonged period of decline, wind speeds in India during the 2018 monsoon season were significantly higher than normal; and up to 20% higher than long-term averages in some regions. These higher wind speeds benefit wind farm production; welcome news for wind energy operators and investors, who have faced several years of lower-than-normal wind energy production during the monsoon period. These increased wind speeds can thus counter recent patterns of decline contributing to an increase in investor confidence with a data-driven approach.

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