SSE, Brookfield Agree PPA for Dutch Offshore Wind Farm Project
May 19 2022 - 6:30AM
Dow Jones News
By Jaime Llinares Taboada
SSE PLC and Brookfield Asset Management have signed a power
purchase agreement with a consortium of Dutch industrial companies
for the supply of electricity from the Hollandse Kust West offshore
wind farm in the Netherlands.
The U.K. energy group said Thursday that the consortium, which
represents 13 large and small consumers, will receive a large part
of the power produced by the 700-megawatt wind farm for 15
years.
"The contract provides critical renewable power to Dutch
industrial companies, some of which do not have an investment grade
credit rating and therefore could otherwise not access low carbon
energy in this way," SSE said.
SSE and asset manager Brookfield last week submitted joint bids
for the Hollandse Kust West offshore wind tenders.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
May 19, 2022 06:15 ET (10:15 GMT)
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