By Mauro Orru 
 

RWE AG said Tuesday that it has signed a power purchase agreement with ASML Holding NV under which it will supply more than 250 gigawatt hours of green electricity a year to the Dutch maker of semiconductor equipment.

The German energy company didn't disclose financial details for the 10-year agreement, which is already under way.

RWE said it would supply power from two new onshore wind farms to be commissioned during 2021, one solar plant in the Netherlands and an offshore wind farm in Belgium.

"We are committed to taking our responsibility and support the fight against climate change. As part of this commitment, we support the energy transition and aim to source 100% of our energy from responsible, renewable sources such as wind, solar and geothermal energy in 2025," ASML's director of sustainability strategy Marijn Vervoorn said in a statement.

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

February 09, 2021 05:49 ET (10:49 GMT)

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