RWE sets itself more ambitious climate targets – CO₂ reductions now in line with 1.5-degree path
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RWE, one of the world’s leading renewable energy companies and a major player in global energy trading, and ASML, the world's largest supplier of lithography systems for the semiconductor industry, have signed a Power Purchase Agreement (PPA). Under the terms of the 10-year agreement, which is already underway, ASML will be provided with more than 250 gigawatt hours of green electricity per year from RWE.
The power will be delivered from a portfolio of various renewable energy sources across different technologies: two new RWE onshore wind farms and one solar plant in the Netherlands, as well as an offshore wind farm in Belgium. The two RWE windfarms Oostpolderdijk and Westereems 3, with a total installed capacity of 16.5 megawatts (MW), are located near Eemshaven and will both be commissioned during 2021. The offshore wind farm Northwester 2 off the coast of Zeebrugge is operated by Belgian company Parkwind and the solar plant, owned by a company in which RWE holds a minority share, is situated near Borssele.
The RWE wind farms were developed, built and are operated by the company’s subsidiary RWE Renewables. The procurement of green electricity from third parties and its supply to ASML is handled by RWE Supply &<Trading. This set-up allows RWE to offer a variety of self-built and third-party-operated renewable assets with maximum flexibility to meet customers’ specific needs.
“We are pleased to support ASML in reducing its carbon footprint”, says Tom Glover, Chief Commercial Officer at RWE Renewables. "With our broad and international portfolio of renewable assets, we are among the largest producers of green power. The Netherlands are one of our core markets, where we already operate seven onshore wind farms with a total capacity of around 300 megawatts.” To expand its capacity, the company is currently constructing four new onshore wind farms and a solar plant in the Netherlands with a total installed capacity of around 120 MW.
Andree Stracke, Chief Commercial Officer Origination & Gas Supply at RWE Supply & Trading: “The transaction shows how RWE´s excellent asset base together with our third-party expertise creates sustainable value for our customers. This means we can provide tailor-made solutions and are well positioned to offer international customers flexible solutions to meet their increasing ambitions in the field of renewable electricity procurement."
Marijn Vervoorn, ASML’s Director Sustainability Strategy: “ASML recognizes climate change as one of humanity’s toughest challenges. 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. This agreement is an important step towards our objective. We also see this agreement as an incentive for sustainable energy companies to invest in new renewable energy parks for local use.”
RWE has signed numerous PPAs, both in Europe and the US. As the company is active around the globe and across different renewable technologies, a wide range of renewable power solutions can be offered.