Deal

Neoen wins a Power Purchase Agreement (PPA) with Google in Finland

Offtaker

Google LLC

Capacity

81.0 MW

Country

Finland

Year

2018

Neoen, the leading independent producer of exclusively renewable electricity in France

and a world leader in the sector has signed a contract to provide American multinational

technology company Google with green electricity.

Google is to buy all the green electricity produced by the 81 MW Hedet wind farm in

Finland, owned by Neoen (80%) and Prokon Finland (20%).

Hedet is in Närpes, in the west of Finland. Construction work is expected to begin by the end of the year for delivery by

the end of 2019. The wind farm is to comprise 18 turbines producing a total of 81 MW.

Hedet will be Neoen’s first project in Finland, with more to follow. The Finnish government is an avid supporter of

renewable energy and the country has excellent natural resources for wind power.

Xavier Barbaro, CEO of Neoen: “We are delighted that Google has elected to work with us. Supplying a leading

multinational with green electricity in Finland, where renewable energy is encouraged, is completely in line with our

strategy and our capabilities. Yet again, we demonstrate our potential to grow within Europe and to broaden our horizons

thanks to competitive assets, solid foundations and a long-term outlook. Our customer base now includes several large

companies as well as nation states and public authorities. By producing the most competitively priced renewable

electricity locally, sustainably and on a large scale, we have become a world leader in energy transition and are proud

to call Google a customer.”

"

Source: Neoen