LyondellBasell contracts 208 megawatts of renewable energy for German facility
LyondellBasell and Encavis Asset Management AG (Encavis AM) announced they signed a power purchase agreement (PPA) to secure 208 megawatts (MW) of renewable electricity generation capacity from the solar park in Bartow, Germany. This solar park will rank among the largest of its kind in Germany.
Under this 12-year PPA, Encavis AM will deliver approximately 210 gigawatt-hours (GWh) of solar power to LyondellBasell annually. This is comparable to the annual electricity consumption of approximately 56,500 European homes, starting in 2025. With this latest PPA, the company will reach more than 90% of its total renewable electricity goal.
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