Oersted Secures 12-Year Power Purchase Contract With Google
November 30 2021 - 11:40AM
Dow Jones News
By Sabela Ojea
Oersted AS said Tuesday that it has signed a 12-year corporate
power-purchase contract with Alphabet Inc.'s Google.
The Danish multinational power company said that Google will
offtake 50 megawatts of Oersted's planned 900 megawatts Borkum
Riffgrund 3 offshore-wind farm, located in the German North
Sea.
"The CPPA with Google will contribute to providing revenue
certainty for Oersted and help mature Borkum Riffgrund 3 towards a
final investment decision, which is expected by the end of 2021,"
the company said.
The deal will also contribute to Google's commitment to operate
all of its data centers, cloud regions and campuses with
carbon-free energy by 2030, Oersted noted.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
November 30, 2021 11:25 ET (16:25 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.