INEOS and Eneco ink power purchase agreement

4C Offshore | Tom Russell
By: 12/01/2022 INEOS

INEOS has agreed a long-term Power Purchase Agreement for renewable offshore wind power in Belgium with Eneco. Under the terms of the ten-year deal, which begins in 2022, INEOS will purchase 65.5 MW (250 GWh per annum) of offshore wind power from Eneco, produced at the SeaMade offshore wind park in the Belgian North Sea.

This deal will take ca. 13.5% of SeaMade’s renewable electricity. It will reduce the carbon footprint of INEOS by a further 940,000 tonnes of CO2 over the length of the contract, which is the equivalent of taking 70,000 cars off the road each year.  

Combined with previously announced deals, this latest agreement increases INEOS commitment to Belgian offshore wind to 205 MW (~750 GWh per annum).

The renewable electricity from this agreement will be used to support INEOS Olefins and Polymers, INOVYN and Styrolution businesses, allowing the latter to switch its German assets to green power from January 2022 onwards.

David Thompson, CEO INEOS Trading, said: "This agreement with Eneco represents an important step in achieving our long-term sustainability goals.   Combined with our previous deals this reflects a significant commitment across 3 different Belgium offshore wind parks and underpins our commitment to reducing our carbon footprint."

"Developing sustainable power supplies together with our customers is a central pillar in our One Planet strategy to become a net zero company by 2035",
said Kees-Jan Rameau, Chief Strategic Growth Officer and Board Member of Eneco. "INEOS also wants to contribute to a net zero economy and is therefore taking concrete actions to reduce their climate footprint. With our collaboration we can contribute to making INEOS operations run on renewable energy sources and at the same time accelerate the energy transition.”

The SeaMade project is made up of two wind farms,
Mermaid and Seastar, and is located in Belgian waters approximately 40-50 km off the coast of Ostend, in water depths between 22 and 38 metres. The project was developed by SeaMade NV, a joint venture of the Otary group (70%), Electrabel (Engie) (17.5%), and Eneco Wind Belgium (12.5%). It has been operational since the end of 2020. The two projects will have a combined capacity of 487 MW, and will consist of 58 Siemens Gamesa SG 8.0-167 DD turbines, each with an individual installed capacity of 8.4 MW, mounted on monopile foundations. Each wind turbine has a hub height of 109 metres and a rotor diameter of 167 metres, and they are expected to power around 500,000 households annually.

For more information on offshore wind farms worldwide, click here. Alternatively, you can view projects across the globe using 4C Offshore's interactive map.