Energiekontor and ENGIE close 15-year PPA for solar park in Germany

05 May 2020

Berlin/Bremen - With its first long-term power purchase agreement for solar energy in Germany, ENGIE confirms its ambition to expand renewable energies in the German market.

ENGIE and Energiekontor AG have concluded a power purchase agreement (PPA) for a solar park in Mecklenburg-Western Pomerania. The plant, with an installed capacity of 41.5 megawatts, is expected to go into operation in 2021 and to produce around 45,600 megawatt hours of solar electricity per year. This corresponds to the supply of approximately 15,000 German households.

"Based on our partnership approach, we were able to win Energiekontor over to our range of services. We are proud to join forces with Energiekontor on the path to climate-neutral energy supply. With this long-term contract, both companies are making a major contribution to the market integration of renewable energies, which is to be continued even in times of crisis," says Bernd Dinauer, Head of ENGIE Global Energy Markets Business Platform Germany. "As a reliable partner, we establish the link between renewable energy producers and our customers who are committed to the energy transition."

"PPA-based solar parks are the future in Germany. With ENGIE, we are happy to have found the third major supplier who is taking this new path with us and thus strengthening our pioneering role," says Peter Szabo, CEO of Energiekontor AG, delighted.
Within the agreed 15-year contract period, the two companies expect a total electricity production of around 684 gigawatt hours, which will be fed in outside the EEG support regime. This will save around 400,000 tons of CO2 emissions compared to the average German electricity generation.

About Energiekontor
A solid business policy and a lot of experience in renewable energy: That's what the Energiekontor has stood for for 30 years. Founded in Bremerhaven in 1990, the company is one of the pioneers in the industry and is today one of the leading German project developers. The core business extends from planning and construction to the operation of wind and solar parks in Germany and abroad. In addition, Energiekontor operates wind and solar parks with a nominal output of almost 287 megawatts in its own inventory. Energiekontor also wants to take a pioneering role economically and install the first wind and solar parks in all target markets as quickly as possible, independently of state subsidies at market prices.

In addition to its headquarters in Bremen, Energiekontor has offices in Bremerhaven, Hagen im Bremischen, Aachen, Augsburg, Bernau bei Berlin and Potsdam. The company also has offices in England (Leeds), Scotland (Edinburgh, Glasgow), Portugal (Lisbon), USA (Austin/Texas and Rapid City/South Dakota) and France (Toulouse, Rouen).

The proud record since the company was founded: 126 wind farms and eight solar farms with a total output of over 1 gigawatt were built. This corresponds to an investment volume of just under 1.7 billion euros.

Alexa Schröder
Head of Corporate Communications
ENGIE Deutschland GmbH