Air Liquide has signed its largest long-term Power Purchase Agreement (PPA) in the Netherlands to date, with Vattenfall, for 115 MW of renewable electricity from the offshore wind farm Hollandse Kust Zuid.
This PPA is in addition to a 100 GWh PPA announced in March 2021 with Air Liquide, extending the long-term partnership. The 15-year PPA, which begins in 2025, allows Air Liquide to use renewable energy to power its existing industrial and medical gas production assets in the Netherlands and, more broadly, the Benelux region.
Hollandse Kust Zuid
The Hollandse Kust Zuid offshore wind project is the world’s first and largest subsidy-free offshore wind project. Long-term contracts, such as the PPAs with Air Liquide, provide financial security for the project’s investors while also allowing the purchasing party access to renewable energy.
The North Sea’s Hollandse Kust Zuid is located between The Hague and Zandvoort, about 18-35 kilometers off the Dutch coast. The offshore wind project will be fully operational in 2023, with 140 wind turbines with a total capacity of 1,500 megawatts. Vattenfall, BASF, and Allianz own Hollandse Kust Zuid.
Image source: Vattenfall/Ties van der Horst