View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
September 10, 2019

Deutsche Bahn signs five-year renewable energy deal

German railway company Deutsche Bahn has signed a five-year agreement for the supply of green electricity from the offshore wind farm Nordsee Ost.

German railway company Deutsche Bahn has signed a five-year agreement for the supply of green electricity from the offshore wind farm Nordsee Ost.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

The contact has been signed between DB subsidiary DB Energie GmbH, RWE Supply & Trading, and innogy SE. The agreement will come into effect from 2024.

Under the power purchase agreement (PPA), the wind farm will supply 25MW of energy, which is equivalent to the amount of energy supplied by four wind turbines.

This constitutes 8% of the total production of the farm that produces 295MW in total with 48 turbines.

DB Energie CEO Torsten Schein said: “Over the next few years, we will consistently replace expiring contracts based on fossil-fuel generation with renewable energy. Before the end of September, we will start a further Europe-wide invitation to tender for the long-term purchase of green electricity.”

By 2038, DB plans to use 100% green energy for its rail operations. Currently, 57% of the company’s energy requirements are obtained from renewable energy.

The company requires approximately 10TWh of energy in one year. It receives 900 million KWh annually from Innogy hydropower plants.

Innogy SE COO Renewables Hans Bünting said: “This is a win-win deal for all parties involved. From 2024, Deutsche Bahn will run climate-friendly trains with green electricity from our Nordsee Ost offshore wind farm.

“After the reduction of state subsidies, we are pleased to have agreed commercial terms for the supply of electricity from the first turbines at our wind farm and created scope for further investment in this way.”

This contract marks Germany’s first offshore wind corporate power purchase agreement.

The company will purchase the energy at a fixed price from the offshore wind farm. RWE will act as the contract and retail partner.

Related Companies

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The railway industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Railway Technology