EDP Renewables (EDPR) has signed a momentous Power Purchase Agreement (PPA) with Lhyfe, a key player in green hydrogen production. The agreement, facilitated through Kronos Solar EDPR, marks the first-ever long-term corporate contract for renewable energy supply in Germany. Over the course of 15 years, EDPR's solar project, boasting a capacity of 55 MWp, will provide Lhyfe with renewable energy, contributing to the production of 58 GWh of clean energy annually. This sustainable energy will power Lhyfe's future green hydrogen production sites, catering to both industrial processes and mobility needs in the region.
This groundbreaking deal underscores EDPR's commitment to bolstering renewable energy penetration in Europe, aligning with Germany's ambitious photovoltaic targets for the coming decade. For Lhyfe, this CPPA represents its largest agreement to date, securing a reliable renewable power supply for its forthcoming green hydrogen production units in Baden-Württemberg and Lower Saxony. The partnership between the two companies not only emphasizes the transition towards decarbonization but also strengthens strategic collaboration within the renewable energy sector.
This latest agreement builds upon a previous partnership between Lhyfe and EDPR established in 2022, signaling a continued commitment to sustainable energy solutions. Since entering Germany's market in 2022, EDPR has been actively developing solar utility projects through Kronos Solar EDPR, with future plans for wind projects by the decade's end. The collaboration between EDPR and Lhyfe exemplifies a shared vision for a greener, more sustainable future, driving innovation and progress in renewable energy initiatives.
Source: edpr.com