French industrial gases company Air Liquide (Euronext Paris:AI) said on Tuesday that it has signed its biggest long-term Power Purchase Agreement (PPA) to date, for approximately 115 MW of new offshore wind electricity.
This PPA with Swedish state-owned power company Vattenfall follows an earlier agreement with Vattenfall announced in March 2021, expanding the long-term partnership between the two companies.
The renewable energy will be generated by the Hollandse Kust Zuid (HKZ) subsidy-free, worldscale offshore wind farm currently under construction by Vattenfall off the Dutch coast.
According to Air Liquide, this agreement will enable the company to supply its current industrial and medical gas production assets in the Netherlands and more generally in Benelux with renewable energy. It will also feed some of its large-scale decarbonisation projects in the region.
The 15-year contract is due to commence in 2025.