Covestro will cover a considerable part of its electricity demand in Germany with wind energy from the North Sea. Starting in 2025, Ørsted will provide green electricity for ten years, generated in a newly built wind farm off the island of Borkum. The Power Purchase Agreement (PPA) has a capacity of 100MW.
Covestro will use the electricity generated at the wind farm to supply its production sites in Germany. The electricity for Covestro will come from the Borkum Riffgrund 3 offshore wind farm, which Ørsted will be building in the North Sea over the next few years. It will have a total installed capacity of 900MW and will be implemented without public funding.