3twh Clean Power Tender

Project Location DenmarkProject Background Danish renewable power projects developer European Energy has signed a multiyear offtake agreement with RWE.According to the contract the Danish company has agreed to supply 3TWh of green energy to RWE in Denmark which is sufficient to power 115000 homes in the region.The seven-year agreement will come into force on 1 January 2024.European Energy CEO Knud Erik Andersen said We are happy to enter this agreement with RWE. The commercial terms of the agreement ensures bankability which will allow us to realise substantial parts of our Danish project pipeline.The new agreement will help the Danish company to accelerate its renewables project development.RWE aims to further strengthen its position in the renewable business by investing in onshore and offshore wind power solar photovoltaics PV and power storage projects.