LyondellBasell (LYB) & Encavis AM Ink Renewable Energy PPA
LYBLyondellBasell(LYB) Zacks Investment Research·2024-04-04 19:41

LyondellBasell Industries N.V. (LYB) and Encavis Asset Management AG announced the signing of a power purchase agreement (PPA) to obtain 208 megawatts (MW) of renewable electricity generation capacity from the solar park in Bartow, Germany. This solar park will be among the largest of its kind in Germany. Encavis AM will provide LyondellBasell with about 210 gigawatt-hours of solar power each year under this 12- year PPA. This is equivalent to the yearly electricity consumption of around 56,500 European hou ...