Industrial gases and services supplier Air Liquide and Sweden-based electricity and heat provider Vattenfall signed a new Power Purchase Agreement (PPA) for 115 MW of renewable installed power capacity in Benelux.
The new PPA marks Air Liquide’s second major renewable energy agreement in Benelux, bringing the renewable power capacity available to the company in the region to 270 MW, representing over 70% of its electricity consumption in the region. In addition to helping decarbonize its Benelux-based industrial and medical activities, Air Liquide said that the agreement will also enable customers to reduce the carbon content of their end products.
The company added that the PPAs signed in the region will enable Air Liquide to reduce emissions related to power production of up to 8.5 million tons of CO2 over the duration of the contracts.
The new renewable energy contracted under the agreement will be generated by the Hollandse Kust Zuid (HKZ) , located in the North Sea, about 18 to 36 kilometers off the Dutch coast, and owned by Vattenfall, BASF and Allianz. The 139-turbine, 1.5GW wind farm is expected to be fully operational in 2024.
The PPA will be contracted over a 15-year period beginning in 2026.
Emilie Mouren-Renouard, Air Liquide’s Chief Executive Officer of the Europe Industries Hub, said:
“This new large-scale PPA with Vattenfall marks an important milestone in securing renewable energy to enable Air Liquide to provide low-carbon solutions to its customers and support their decarbonisation efforts.”