Germany – BayWa r.e. will launch Europe’s first-ever developer-led tender for corporate power purchase agreements (CPPA) totaling 10 terawatt-hours over ten-year contracts.
The energy will be supplied by a portfolio of renewable energy projects in Germany and Spain. The tender will take place in Autumn 2022, and the project’s total output will be shared among several off-takers, each looking for a reliable source of renewable energy to meet their energy needs. The tender’s terms and principles are currently being finalized, and BayWa r.e. will provide more information later this year.
Renewable electricity demand
Globally, and particularly in the EMEA region, BayWa r.e. is seeing a surge in corporate demand for renewable electricity, driven by increased sustainability commitments in the face of climate change, customer and investor expectations, and Europe’s unprecedented ongoing energy crisis.
Long-term PPA agreements provide businesses with a reliable energy supply that protects them from future price increases while also allowing the development of new renewable energy projects. Corporate PPAs are an important part of actively driving the renewable energy transition forward because of both benefits.
BayWa r.e. is a well-known PPA and energy solutions provider in Europe, having previously signed agreements with major global corporations such as AB InBev, Nestlé, and HeidelbergCement across the continent.