Benzinga | Jan 10, 2022 05:06AM EST

Neoen and Prokon Sign a Power Purchase Agreement with Equinix in Finland for at Least 30 MW of Wind Energy

Neoen (GREY:NOSPF, ticker: NEOEN)), one of the world's leading producers of exclusively renewable energy, announces the signing at the end of December 2021 of a new power purchase agreement (PPA) for at least 30 MW of green energy in Finland. The PPA was awarded as a result of the competitive tender run by Equinix, a world leader in digital infrastructure provision and services, to provide renewable energy for the firm's locations in Finland.

Under the 10-year agreement, Equinix will purchase 85% of the green energy and guarantees of origin to be produced by the Bjrkliden wind farm in Finland. Located in the municipality of Nrpes, in the western region of Ostrobothnia, the wind farm will have seven wind turbines, with a total capacity of at least 35 MW. Neoen owns an 80% stake in the project, the remaining 20% being owned by Prokon, who co-developed this project with Neoen. Construction is scheduled to begin in 2023, with commissioning to follow in 2024.

The innovative PPA is partially indexed to market prices. It is Neoen's seventh green energy contract in Finland since 2018, clear evidence of the company's attractiveness to a growing range of clients, particularly large firms like Equinix that are part of the RE1001 initiative. Equinix was the first in the data centre industry to announce a global commitment to become climate-neutral by 2030 as well as set a validated science- based target.