Ørsted has reached a 10-year, 100-megawatt power purchase agreement with European retail giant REWE Group for renewable energy from a future German offshore wind farm.
The agreement will produce enough green power to equal the power consumption of 1,500 REWE stores, the companies said. The Borkum Riffgrund 3 offshore wind farm in the North Sea is expected to become operational in 2025 with an export capacity of 900 MW.
“The world urgently needs to shift to renewable energy to reduce carbon emissions. To achieve this systemic change, action is needed from governments, energy providers, and corporate energy customers,” said Rasmus Errboe, Head of Region Continental Europe at Ørsted. “REWE Group has a long tradition of buying sustainable power, and by purchasing power from Borkum Riffgrund 3, they’re supporting the build-out of affordable new renewable energy at industrial scale.”
Borkum Riffgrund 3 offshore wind farm is located in the German North Sea near Ørsted’s existing offshore wind farms Borkum Riffgrund 1 and Borkum Riffgrund 2.
By 2030, Ørsted aims to install 50 GW of renewable energy capacity worldwide, including 30 GW of offshore wind and 17.5 GW onshore wind and solar PV.