Ørsted sells good old green power to Johnson & Johnson
With a PPA signed for two of the Danish utility's acquired wind farms in Ireland as well as a piece of US solar farm, the US medical company greens some of its consumption using a classic method.
BY MAZ PLECHINGER, TRANSLATED BY DANIEL FRANK CHRISTENSEN
Corporate PPAs come in two versions: the type with which a company commits to buying a portion of electricity generated by a forthcoming facility for an agreed price – which helps the developer get the project on its feet by being able to take the contract to the bank to show an outlook to stable revenue. Then there's the type that Ørsted just announced having signed with Johnson & Johnson on Tuesday.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
Ørsted acquires US wind farm
For subscribers
Ørsted signs another PPA for German offshore wind offtake
For subscribers
.jpg&w=384&q=75){kind=logo}
