- Long-term price certainty through a ten-year Power Purchase Agreement
- innogy’s solar farm to supply West Fraser’s sawmill power needs in Alberta
- Canadian solar farm is not benefiting from any provincial subsidies
Essen, 9 March 2020
innogy has signed a Power Purchase Agreement (PPA) with West Fraser Timber Co. LTD (West Fraser) for the supply of green power from innogy’s Canadian Vauxhall solar plant (27 MWp). The agreement will cover an essential part of the electricity that West Fraser, a leading North American diversified wood production company, needs to hedge its on-peak sawmill load in Alberta and to meet its environmental targets.
The long-term contract will run for ten years, starting in May 2020. innogy’s solar farm will supply an annual production of more than 45,000 MWh of carbon-free energy and environmental attributes to West Fraser.
Katja Wünschel, Senior Vice President Renewables Operations Onshore & Solar at innogy SE, says: “We aim to continue to expand renewables worldwide, by working on PPA-based projects and partnerships such as this one with West Fraser. The PPA enables us to operate our Vauxhall solar farm without any provincial subsidies. It shows that climate protection is possible under current market conditions.”
“This deal is exemplary for the modern, competitive renewable energy world. Besides the fact that we can run our solar farm on a merchant basis, it allows West Fraser to run their production in a climate-friendly manner by significantly cutting carbon emissions,” adds Keith Moseley, Commercial Director at innogy SE.
