RWE, Commerzbank to give companies access to offshore wind

As part of a joint venture, the bank and the German utility will offer PPAs tailored to medium-sized companies.

Photo: RWE

Power purchase agreements are typically reserved for major companies, but utility RWE and financier Commerzbank will now strive to change this.

The two partners have signed a Memorandum of Understanding on setting up Greet Mittelstand Fund targeting for medium-sized companies. This will allow them to take direct part in the establishment of an offshore wind farm by providing capital, or they can purchase green electricity as part of long-term PPAs. The final option is to combine the two.

Already a subscriber? Log in.

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.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ukrainian utility hit by cyberattack

Russian hackers have allegedly carried out a cyberattack against the largest privately owned utility in Ukraine, DTEK Group. The perpetrators’ goal was to destabilize, the company reports.

Further reading

Related articles

Latest News

See all jobs