Shell has signed a power purchase agreement (PPA) with Hansa Invest Real Assets to guarantee 600 MW of capacity at a German solar project. The agreement is valid for 15 years and is for production from the Witznitz Energy Park in eastern Germany.
Witznitz Energy Park is being built by MOVE ON Energy on the site of a former strip coal mine near Leipzig and is expected to start generating electricity by the end of 2023.
“We continue to strengthen our low carbon energy portfolio,” said Tom Summers, European Vice President of Shell Energy Trading.
“Solar Power Purchase Agreements allow us to combine our strengths in energy trading and optimization with our existing customer relationships to deliver more value with fewer emissions.”
Shell Energy Europe has separately agreed to sell the power generated by 323 MW of solar capacity to Microsoft Corporation, helping Microsoft meet its commitment to have a 100% renewable energy supply by 2025.