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25.01.2024

Historical PPA agreement between Eurowind Energy A/S and GreenLab

Eurowind Energy and GreenLab have yesterday entered into a 10-year electricity purchase agreement (PPA) that ensures renewable energy for businesses and Power-to-X production in GreenLab. This marks the first time that direct connections are established between a renewable energy producer and an industrial consumer.

The vision of GreenLab as a green industrial park with its own infrastructure for renewable energy has taken a significant step forward. Eurowind Energy, a company specialising in renewable energy installations, has just signed a 10-year PPA, commonly known as a Power Purchase Agreement (PPA), with GreenLab in Skive. The purchased electricity will come from Eurowind Energy's 84.8 MW solar and wind hybrid park located south of GreenLab and will be directly connected to GreenLab's energy infrastructure inside their green industrial park. This is a groundbreaking development for Denmark, where such agreements typically involve renewable energy producers and utility companies. The agreement will supply more than two TWh of renewable energy over the next ten years and is one of the biggest PPA-agreements in Denmark.

Renewable energy for both businesses and power-to-X

In GreenLab, the electricity will be distributed through GreenLab's internal energy infrastructure, the so-called SymbiosisNet™. This electricity will be used by businesses inside the industrial park, working with pyrolysis, biogas, and bioproteins, as well as in the upcoming Power-to-X production, which is soon to become a reality within the park. This approach ensures that solar and wind energy directly and positively impact the value chains within the park and contribute to the green transition.

Pioneers in direct integration of green energy

Jens Rasmussen, CEO of Eurowind Energy A/S, expressed his enthusiasm, saying, "I am delighted that the agreement is now in place and that it also takes into account the potential expansion of the energy park if there is a need for additional electricity production over time. This is a perfect example of how the production of electricity in the future will be closely connected to the need of the off taker”.

Christopher Sorensen, CEO of GreenLab, agrees, and adds, "At GreenLab, we are very excited to be pioneers in the direct integration of green electricity. We hope this agreement serves as a steppingstone to demonstrate how co-locating renewable energy parks with industrial consumption can maximise the utilisation of renewable energy. This way, energy can be optimally utilised, allowing Eurowind Energy's wind turbines, for example, not to stand idle when others do—simply because we at GreenLab can store the energy they produce."

The wind and solar park is already generating electricity today but has previously supplied power exclusively to the collective grid. As part of the agreement, any surplus electricity from GreenLab will be directed into the collective grid.

 

Facts:

The PPA covers a total renewable energy capacity of 84.8 MW, comprising 54 MW of wind energy and 30.8 MW of solar energy.

It is expected that the park annually will generate about 186 GWh.

For more information, please contact:

Linda Fejerskov, Communications Lead. Email: [email protected]. Phone: +45 29811722.

Malene Petersen, Communications Manager, Eurowind Energy A/S. [email protected], +45 30101117

About Eurowind Energy

Eurowind Energy A/S develops, constructs, and operates renewable energy parks. The company is involved in wind, solar, hydrogen, biogas, power-to-heat, and battery solutions. Eurowind Energy was founded in 2006 and currently employs +500 people, with operations in 16 markets across Europe and the USA. The company owns and operates solar and wind parks throughout Europe and has a portfolio of 1.1 GW.

About GreenLab

GreenLab is a green and circular industrial park located in Skive. We accelerate the green transition by improving the way renewable energy is produced, transformed, stored, and utilized. GreenLab aims to create integrated energy systems through large-scale testing of new technologies, direct integration of industrial production with renewable energy, and mission-driven research. Let's create a power shift!

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