German rail operator holds Europe-wide PPA tender for green power [Reuters]
RWE AG ORD S/ADR (RWEOY)
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Source: Reuters
German rail operator holds Europe-wide PPA tender for green power - Reuters 2 Min Read FRANKFURT (Reuters) - German railway operator Deutsche Bahn [DBN.UL] has launched a tender for 5% of its annual electricity supply from renewable sources for the next eight years, aiming to get nearer to its long-term target of 100% green power by 2038. In a press release issued on Sunday, the company said it would require 500 gigawatt hours (GWh) in total over the period, and would award contracts of the basis of power purchase agreements (PPAs) of varying length and volumes. “Expiring power plant supply contracts will be successively replaced with renewable energy,” said Torsten Schein, chief executive of DB Energie, the unit responsible for power supply. The rail operator is Germany’s single biggest power consumer, which already uses 57% of green power in its total procurement of 10 terawatt hours (TWh) per year, 2% of German electricity consumption. It is due to raise this share to 61% next year
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