Renewable

April 15 (Renewables Now) - Brazilian thermoplastic resin producer Braskem SA (BVMF:BRKM5) said on Thursday it has signed an off-take contract with EDF Renewables do Brasil, a unit of French utility EDF (EPA:EDF), to buy electricity generated by a new wind farm.

Under the terms of the power purchase agreement (PPA), EDF Renewables will supply electricity from a new facility to be constructed in the southwest region of Bahia state. The contract has a 20-year term and will become effective in 2024.

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No information on the amount of energy contracted was disclosed by the parties.

The resin producer points out in the press release that this is its second renewable energy PPA with EDF Renewables and its fifth overall in a four-year period.

With this agreement, Braskem now exceeds 150 average megawatts (MWa) of contracted energy from solar and wind sources, getting closer to its target of offsetting 2.2 million tonnes of carbon dioxide (CO2) emissions through PPAs alone.