Evonik, Vattenfall Agree on Partnership for Green Electricity

Evonik and energy supplier Vattenfall have concluded new long-term electricity supply contracts. From 2025, two Vattenfall solar parks in Schleswig-Holstein will supply Evonik with approximately 120 gigawatt hours of solar power per year for chemical production.

The contracts have a term of 10 years and fixed conditions. In this way, Evonik wants to consciously use more green electricity.
“Germany is the fastest growing market for renewable energies in Europe,” said Martijn Hagens, responsible member of the Executive Board and head of Business Area Markets at Vattenfall. “We see a wide range of growth opportunities here for the development and marketing of our solar, onshore and offshore projects. As the project with Evonik exemplifies, electricity partnerships with industry play a decisive role here.”

“Evonik has an ambitious sustainability strategy – and we are reliably implementing what we have set out to do: In 2022, Evonik concluded supply contracts for green electricity from wind power. In 2024, we look forward to the first major supply contracts for solar power. This marks another milestone on our way to converting our externally sourced electricity to 100% green by 2030,” said Thomas Wessel, the Executive Board member responsible for sustainability.

Specifically, the Power Purchase Agreements stipulate that Vattenfall will supply Evonik with electricity from two solar parks in Schleswig-Holstein. They are due to be completed and connected to the grid in 2025 with a total capacity of 120 megawatts peak (MWp). The agreed electricity volume of around 120 gigawatt hours (GWh) per year corresponds to the annual demand of around 35,000 households and displaces more than 50,000 tons of CO2 per year in the German electricity mix.

“We are sourcing significantly more green electricity from external sources,” Wessel said. “Around 35% of Evonik’s externally sourced electricity worldwide already comes from renewable sources. Thanks to the new agreements with Vattenfall, this share clearly exceeds the 50% mark. We are therefore also making ourselves less dependent on fossil fuels.”