E.ON and RWE complete renewable power supply agreement

E.ON and RWE Renewables have announced a new 2.5-year agreement on purchasing the output of more than 20 British wind farms, supplying sustainable power to the grid and supporting E.ON’s commitment to providing 100% renewable power for its UK customers. 

With this power purchase agreement (PPA) E.ON buys around 3TWh of power annually from wind farms around Great Britain which are operated by RWE. It covers a capacity of 892MW of onshore and offshore wind generation and includes a proportion of the 630 MW London Array offshore wind project in the Thames Estuary.

The wind farms were originally built by E.ON as part of the company’s GBP 3.3 billion (USD 4.24 billion) investment in UK renewables over the last decade. Ownership transferred to RWE at the start of October as part of the asset swap deal in which E.ON Group took over RWE’s stake in Innogy in return for E.ON’s major renewable energy activities, amongst other things.

RWE Renewables, the newest subsidiary of RWE has an installed capacity of more than 9GW. Added to this are further assets with a combined capacity of 2.6GW under construction that will be completed in the near future.  RWE Renewables is actively seeking corporate PPAs for this capacity.

Earlier this year E.ON announced it was providing all of its residential customers across Britain with an electricity supply backed by 100% renewable sources – on all tariffs, as standard, and at no extra cost.