LyondellBasell (LYB) has signed a PPA with Eneco, bringing LYB’s total secured renewable electricity capacity to 100% of its procurement target.
Under the 15-year PPA, LYB will secure 25 MW of renewable electricity generation capacity from the Hollandse Kust West VI offshore wind farm in the Netherlands North Sea.
“Taking climate action is a key part of our strategy to create value for our stakeholders, the environment and society,” says Peter Vanacker, LyondellBasell CEO.
“I am therefore delighted that this latest agreement will help us reach our 2030 renewable electricity goal once all projects become operational. Power Purchase Agreements are a critical lever in our efforts to reduce our absolute Scope 1 and 2 greenhouse gas emissions.”
Eneco is set to deliver the offshore wind power to LYB annually starting in 2027.
