Aquila Clean Energy EMEA, Aquila Capital’s clean energy development platform in Europe, and the Estonian energy company Eesti Energia have signed a power purchase agreement (PPA) for 1.8 TWh.
Contract Overview
This agreement provides Eesti Energia with a stable solution for the long-term supply of clean energy sources. The electricity will be produced by a wind farm built by Aquila Clean Energy in Lithuania. APPs provide project developers with revenue security and energy companies with security of supply.
Joakim Johnsen, Head of Markets and Operations at Aquila Clean Energy commented: “We are delighted to finalize our first PPA in Lithuania. The country has great potential for the installation of wind power plants due to the favorable topographical conditions. We are very pleased that in Eesti Energia we have found an experienced and reliable contracting partner that will purchase the power on a long-term basis.”
Sustainable energy stratified by region
Eesti Energia provides customizable energy supply solutions to consumers in Estonia, Latvia, Lithuania, Poland and Finland. Through its subsidiary, ‘Enefit Green’, it is one of the leading developers in the field of sustainable green energy production.
Margus Vals, member of the board of directors at Eesti Energia, said: “As an international company dedicated to acquiring and selling an innovative and sustainable source of green energy, this agreement represents an important investment for our customers around the Baltic Sea that will enable them to more quickly overcome existing barriers to a more ambitious energy transition at the best possible price.
