REWE Group, a German food retailer, has signed a 10-year power purchase agreement with Ørsted to procure 100MW of green electricity from Ørsted's Borkum Riffgrund 3 offshore wind farm.
The 100 MW of green power from Borkum Riffgrund 3 equals the power consumption of 1,500 REWE stores. REWE Group has a goal of becoming climate neutral by 2040. The power purchase agreement with Ørsted was signed and will be managed by EHA Energie-Handels-Gesellschaft, REWE Group's energy procurement arm. Borkum Riffgrund 3 is expected to become operational in 2025, subject to Ørsted's final investment decision, which is expected by the end of 2021. Borkum Riffgrund 3 will have a total export capacity of 900 MW and will be built in the German North Sea close to Ørsted's existing offshore wind farms Borkum Riffgrund 1 and Borkum Riffgrund 2.