Ørsted announced that it has signed a 12-year corporate power purchase agreement (CPPA) with Google, under which Google will offtake 50 MW of Ørsted’s planned 900 MW Borkum Riffgrund 3 Offshore Wind Farm in the German North Sea.
Borkum Riffgrund 3 is expected to go into full commercial operation in 2025. As the project was awarded without government subsidies, the CPPA with Google will contribute to providing revenue certainty for Ørsted and help mature Borkum Riffgrund 3 towards a final investment decision, which is expected by the end of 2021.
The CPPA with Ørsted will contribute to Google’s commitment of operating all their data centres, cloud regions and campuses on 24/7 carbon free energy by 2030.
Google has pioneered the concept of 24/7 carbon free energy, where every kWh of power consumption is matched by carbon-free electricity production every hour, on the grid where the electricity is consumed. Ørsted shares Google’s vision of enabling 24/7 carbon-free energy and both companies are founding members of the 24/7 Carbon-Free Energy Compact, a movement coordinated by Sustainable Energy for All and the United Nations.
Ørsted is the world leader in offshore wind and has been ranked the world’s most sustainable energy company for three consecutive years. Ørsted has the target and plan of becoming carbon neutral in its energy generation by 2025 and of reaching full value chain decarbonisation by 2040.
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