COPENHAGEN, Nov 30 Reuters -- Danish offshore wind developer Orsted said on Tuesday that it has secured a 12 year power purchase agreement with Google, which aims to power all of its data centres and offices using only carbon-free electricity https: www.reuters. The US tech giant is expected to take 50 megawatt MW of output from Orsted's planned 900 MW Borkum Riffgrund 3 wind farm in the German North Sea.
Such deals make it possible for big firms to source green power, but they also provide a reliable revenue stream for asset owners like Orsted as subsidy schemes are cut or closed by governments around the world.
The Borkum Riffgrund 3 project was the first large-scale wind farm to be awarded without subsidies in 2018, which was thought to be high risk at the time.
The Danish company said it was going to make a final investment decision on the wind farm at the end of 2021, with operation scheduled for 2025.
Orsted has also signed power purchase agreements with other companies like Covestro, German food retailer REWE and Amazon for Borkum Riffgrund 3.