German railway company Deutsche Bahn AG has entered into a power purchase agreement of up to 780 GWh annual energy from renewable energy projects in Germany.
Deutsche Bahn has signed a five-year deal with Verbund AG for its Egglfing-Obernberg Hydropower Plant located in Lower Bavaria (approx. 440 GWh per year), 15-year deal with RWE AG for its Amrumbank-West offshore wind project in the North Sea (approx. 260 GWh per year), and 30-year deal with Enerparc for its Gaarz bei Plau am See solar project located Mecklenburg-Western Pomerania (approx. 80 GWh per year).
Deutsche Bahn intends to source the entire energy requirement of its trains from renewable energy by 2038.
Country updates
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November 16, 2020
Pacifico Renewables buys 15.6 MW wind project in Rhineland-Palatinate
Pacifico Renewables Yield AG has signed an agreement to acquire a 15.6 MW onshore wind farm in Germany from a subsidiary of New Energies Systems AG, an unaffiliated project development company. The wi...
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November 16, 2020
Commerz Real invests in two wind projects in Brandenburg
Commerz Real, the asset manager for real asset investments in the Commerzbank Group, has acquired two wind farms in the Brandenburg municipalities of Langenrieth (117 kilometers south of Berlin) and F...
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November 13, 2020
Ørsted, BP to develop a 50 MW hydrogen project in Emsland
Ørsted A/S has joined forces with BP Plc to develop a 50 MW hydrogen electrolyser project at BP's Lingen refinery in Emsland of north-west Germany. The Lingen Green Hydrogen project...
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November 12, 2020
Energiekontor divests 7.3 MW Heinsberg wind farm in North Rhine-Westphalia
Energiekontor AG has sold the Heinsberg wind farm in the district of the same name in North Rhine-Westphalia, Germany. It was acquired by Commerz Real, a subsidiary of Commerzbank AG, for the recently...
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November 12, 2020
InvestInvent buys 4.2 MW Boddin wind project in Prignitz district
Energiekontor AG has sold the Boddin wind farm to Swiss InvestInvent AG. The project is a single-unit project of the Nordex N149 type with a capacity of 4.2 MW. It was awarded a contract at EUR 0.062...
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