Orsted Power Purchase Agreement

About Ørsted Ørsted`s vision is a world made up entirely of green energy. Ørsted develops, builds and operates offshore and onshore wind farms, solar farms, energy storage facilities and bioenergy facilities and supplies energy products to its customers. Ørsted is #1 in the 2020 Corporate Knights Index of the 100 Most Sustainable Companies in the World and is recognized as the global leader in the fight against climate change on the CDP Climate Change A List. Ørsted is headquartered in Denmark and employs 6,120 people. Ørsted shares are listed on Nasdaq Copenhagen (Orsted). In 2019, the group`s turnover amounted to DKK 67.8 billion (€9.1 billion). Visit orsted.com or follow us on Facebook, LinkedIn, Instagram and Twitter. “We are proud to work with Ørsted on Amazon`s first offshore wind CPPA, the largest in Europe with 250 MW of renewable energy,” said Nat Sahlstrom, Director of Amazon Energy. “The Borkum Riffgrund 3 offshore wind farm will contribute to our goal of providing 100% renewable energy to our businesses by 2040 and achieving net zero CO2 emissions.” Our large portfolio of current and newly built wind farms means that we can carefully tailor a CPPA perfectly suited to your needs. In combination with our competent business capabilities, we can offer a number of structures to provide you with the renewable energy you need. Today, Ørsted and Taiwan-based TSMC signed a Corporate Power Purchase Agreement (CPPA). TSMC will take over all production from Ørsted`s Greater Changhua 2b & 4 offshore wind farm, concluding the largest contract of its kind in the renewable energy sector.

The term of the 20-year fixed-price contract will begin as soon as Greater Changhua 2b & 4 2025/2026 is commercially operational, subject to network availability and Ørsted`s final investment decision. Siemens Gamesa Renewable Energy (SGRE) has been awarded a record 1,714 MW contract by Ørsted and Eversource under conditions. With three offshore wind projects, the conditional contract signed is the largest offshore wind in the United States […] Dogger Bank wind farm developers, SSE Renewables and Equinor, have signed four agreements for electricity. Is it more expensive than a normal supply contract? This is Ørsted`s second CPPA with Amazon, following the 2016 agreement on the 253 MW Amazon Onshore Wind Farm Texas in Scurry County, Texas. Energy prices are volatile. So get a fixed price by applying a tailor-made offshore wind power purchase agreement that will allow you to meet all your renewable energy needs. “We applaud Amazon`s leadership in investing in renewable energy, which contributes to the green energy transition.