European Fast-Charging Firm Fastned Signs PPA With GLP For Solar Power

European Fast-Charging Firm Fastned Signs PPA With GLP For Solar Power. Photo: Fastned

European fast-charging company, Fastned announced it has concluded its first multi-year Corporate Power Purchase Agreement (CPPA) in the Netherlands with GLP, a renewable energy firm, and related technologies, with Ecorus and Scholt Energy.

According to the press release by the company, Fastned will purchase power generated by the solar panels on the roof of GLP’s distribution center in Zevenaar, Gelderland, for a fixed price. The solar park is one of the largest solar parks in Europe, with a size of 16 football fields. It supplies 15 GWh of electricity annually to Fastned, which is used to charge electric vehicles at Dutch fast charging stations. The power generated by the solar panels during the day can be used directly at Fastned’s fast charging stations, which see a lot of charging during the day.

Michiel Langezaal, co-founder and CEO of Fastned said, “For Fastned, it is important that we can provide our customers with sufficient sustainably generated power at a stable price today and in the future. As the number of electric vehicles on the road grows, so does the demand for fast charging. This agreement helps to bring supply and demand together. This long-term agreement assures the solar park developer of the purchase of all generated power. This, in turn, enables them to develop new sustainable energy projects. This partnership contributes to a more sustainable future and helps us accelerate the transition to electric driving.”

Fastned has been purchasing Guarantees of Origin (GOs) during the year for energy generated from solar and wind. At the end of the year, it checks whether these guarantees match the total energy consumption and, if necessary, purchases additional Guarantees of Origin.

Stefano Fissolo, Senior Director of GLP Clean Energy for Europe, said, “With this agreement, we are thrilled to support Fastned’s mission to accelerate the mobility transition providing clean energy to their customers. The power of the rooftop PV project at G-Park Zevenaar is three times sustainable: it comes from the sun, it does not occupy farmland, and it protects Fastned and its customers from the volatility of energy prices. This transaction follows our recent PPA announcements in the Netherlands and Spain, further building on our clean energy initiative and, in particular, our PV program on rooftops of logistics buildings.”

Fastned has been focusing on the transition to electric mobility. Since 2012, it has been developing, building, and operating a rapidly growing network of iconic fast-charging stations across Europe.