E.ON, RWE Complete Renewable Power Supply Agreement in Britain
12 November 2019 - 12:47PM
Dow Jones News
By Giulia Petroni
E.ON SE (EOAN.XE) said Tuesday that it has signed a multiyear
agreement to purchase the output of more than 20 British wind farms
with RWE AG's (RWE.XE) renewables subsidiary.
The two-and-a-half-year power purchase agreement allows E.ON to
buy around 3 terawatts per hour of power annually from wind farms
operated by RWE across Britain.
The wind farms were built by E.ON as part of the company's 3.3
billion-pound ($4.2 billion) investment in U.K. renewables over the
last 10 years, the company said. The ownership was transferred to
RWE in October as part of the companies' asset swap deal.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
November 12, 2019 06:32 ET (11:32 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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