Renewable Power Capital Inks Deal With P&G For 140 MW Sweden Wind Farm

Renewable Power Capital Inks Deal With P&G For 140 MW Sweden Wind Farm

Renewable Power Capital (RPC) and Procter & Gamble have signed a 10-year Power Purchase Agreement (PPA) for more than 90% of the electricity generated by the 140MW Sörlidberget onshore wind farm in Sweden, corresponding to an expected 400 GWh per annum of green electricity.

According to Renewable Power Capital, Sörlidberget forms part of RPC’s 553MW cluster of four wind farms in the Kramfors and Sollefteå municipalities, which are currently under construction. This is the fourth PPA RPC has signed for the cluster, having already secured three other agreements – two 10-year PPAs with LyondellBasell and one 10-year PPA with Ardagh.

Almost 100% of the renewable energy generated by this cluster, which is RPC’s largest investment to date, has now been contracted.

In January 2024, RPC announced that it had ordered 80 Nordex turbines for this cluster. Nordex will start delivering and installing the turbines in the spring of 2025, with operations expected to start between Q4 2025 and Q1 2026, stated Renewable Power Capital.

Steve Hunter, Managing Director of Power Markets and Asset Management at Renewable Power Capital, said, “With this deal, we are proud to have reached yet another major milestone for our largest investment to date. RPC has an impressive range of partners and we look forward to working with such a significant player as Procter & Gamble on their decarbonisation journey.”