RPC, Procter & Gamble Inks 10-Year PPA for 140 MW Wind Farm Electricity in Sweden

Renewable Power Capital (RPC) and Procter & Gamble have signed a 10-year Power Purchase Agreement (PPA). The agreement covers more than 90 percent of the electricity generated by the 140MW Sörlidberget onshore wind farm in Sweden, amounting to an estimated 400 GWh per annum of green electricity.

The Sörlidberget wind farm is part of RPC's cluster of four wind farms in the Kramfors and Sollefteå municipalities, currently under construction. This cluster, RPC's largest investment to date, is set to become a major contributor to Sweden's renewable energy landscape. With the signing of this PPA, nearly 100 percent of the renewable energy generated by the cluster has now been contracted.

The agreement with Procter & Gamble marks the fourth PPA signed by RPC for the cluster, following previous agreements with LyondellBasell and Ardagh. Steve Hunter, Managing Director of Power Markets and Asset Management at RPC, expressed pride in reaching this milestone, stating, "With this deal, we are proud to have reached yet another major milestone for our largest investment to date. RPC has an impressive range of partners, and we look forward to working with such a significant player as Procter & Gamble on their decarbonization journey."

In January 2024, RPC announced the order of 80 Nordex turbines for the cluster, signaling a significant step towards the project's completion. Nordex will commence delivery and installation of the turbines in the spring of 2025, with operations expected to commence between Q4 2025 and Q1 2026.