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EDF to buy power from RWE offshore wind farm on UK coast

French utility EDF (PA:EDF) on Tuesday said it had signed a 15-year power purchase agreement with Germany’s RWE to purchase…

By financial2020myday , in Stock Markets , at November 30, 2021

French utility EDF (PA:EDF) on Tuesday said it had signed a 15-year power purchase agreement with Germany’s RWE to purchase renewable electricity from a major offshore windpark in on the British coast.

The planned wind park named Sofia – located off the northeast coast of the UK – will be one of the largest of its kind in the world and is planned to go online in 2025, EDF said in a statement, .

“In what represents RWE and EDF’s largest renewable energy agreement to date, EDF will offtake all of the 6.5 terawatt hours (TWh) of renewable wind energy that Sofia will produce each year,” EDF said.

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