Mercedes just made a huge offshore wind power purchase deal – here’s why
The Untertürkheim plant in Munich, Germant / Source: Mercedes-Benz
Mercedes-Benz just signed a deal for offshore wind power – and it’s one of the auto industry’s largest power purchase agreements for clean energy in Europe.
The German automaker said today that it’s signed a power purchase agreement (PPA) with Spain’s Iberdrola for 140 megawatts (MW) of energy from an offshore wind farm in the Baltic Sea. A PPA is a long-term agreement between a renewable developer and a customer to…