Chemical Giant LyondellBasell Secures Green Power from North Sea Wind Farm
Netherlands, Thursday, 26 September 2024.
LyondellBasell has signed a 15-year power purchase agreement with Eneco for renewable energy from the Ecowende offshore wind farm in the Dutch North Sea. Starting 2027, this deal will provide 103 GWh annually, helping LyondellBasell surpass its 2030 goal of sourcing 50% of its electricity from sustainable sources.
A Milestone in Sustainable Energy Procurement
The agreement between LyondellBasell and Eneco signifies a critical advancement in the chemical company’s journey towards sustainability. The Ecowende offshore wind farm, situated 53 kilometers off the coast of IJmuiden, Netherlands, promises to be one of the most eco-friendly wind farms ever constructed. This power purchase agreement (PPA) underscores the commitment of both companies to combat climate change through large-scale renewable energy projects.
Details of the Agreement
Under the terms of the 15-year PPA, LyondellBasell will secure 25 MW of generation capacity from the Ecowende wind farm, which translates to approximately 103 gigawatt-hours of green wind power annually. This quantity of electricity is roughly equivalent to the annual consumption of 28,500 European homes, significantly contributing to LyondellBasell’s goal of meeting at least 50% of its electricity needs from renewable sources by 2030[1][2].
Construction and Operational Timelines
Construction of the Ecowende wind farm will commence next year, with the project expected to be fully operational by late 2026. This timeline ensures that LyondellBasell will begin receiving renewable energy from the wind farm starting in 2027. The Ecowende project aims to integrate seamlessly with the natural environment, making it the most sustainable offshore wind farm to date[3][4].
Strategic Importance for Both Companies
For Eneco, the PPA with LyondellBasell is a strategic move that supports its goal to become fully climate neutral by 2035. Such agreements are crucial for Eneco to continue investing in renewable energy projects, both onshore and offshore. Eneco, along with its partners Shell and Chubu Electric Power, is committed to developing the Ecowende wind farm, which will eventually cover about 3% of the Dutch electricity demand[5][6].
Commitment to Climate Action
Peter Vanacker, CEO of LyondellBasell, emphasized that climate action is a key part of the company’s strategy. By securing this agreement, LyondellBasell not only meets its renewable electricity capacity targets but also sets a precedent for future sustainability initiatives. This move aligns with the company’s broader objective to reduce its absolute Scope 1 and 2 greenhouse gas emissions and achieve net-zero emissions by a set deadline[7][8].
Conclusion
The power purchase agreement between LyondellBasell and Eneco is more than just a business deal; it is a significant step towards a sustainable future. This collaboration highlights the critical role that renewable energy projects play in reducing industrial carbon footprints and advancing global climate goals. As the world moves towards greener energy solutions, partnerships like this will be pivotal in driving the transition to a more sustainable and resilient energy landscape.
Bronnen
- windenergie-nieuws.nl
- www.lyondellbasell.com
- www.offshorewind.biz
- renewablesnow.com
- nawindpower.com
- www.4coffshore.com