Centrica Signs 5-Year Corporate PPA with Fraport AG in Germany for Renewable Power from Onshore Wind Farm developed by PNE AG

26 May 2023

Sustainability

Media Relations

AALBORG & FRANKFURT, 17 May 2023: Fraport AG, owner and operator of Frankfurt Airport, and Centrica Energy Trading, a leading European provider of energy management and optimisation services, have today announced the signing of a five-year renewable consumption PPA for wind power developed in Northern Germany by PNE AG.

Starting July 2023, Centrica will offtake power production from a recently commissioned onshore wind farm developed by PNE AG, providing Fraport AG with approximately 63 GWh of renewable electricity annually. Located in Northern Germany, the wind farm has a total capacity of 22MW, generating enough renewable electricity to annually displace approximately 24,300 tonnes¹ of CO₂e.

"We’re excited to have entered into this agreement with Fraport which underlines our commitment to delivering the green services and solutions needed to secure further growth and integration of renewable energy systems across Europe"

Jan Gibbert, Head of German Origination at Centrica Energy Marketing & Trading

The agreement is key to Fraport AGs renewable energy procurement strategy, enabling greater energy security, price certainty on energy consumption, alongside reductions in carbon emissions to be recorded against corporate sustainability and net zero targets. For PNE, this offers a good opportunity to deliver the clean energy generated by its wind farms to a leading airport business over an extended period -thereby contributing to climate-neutral aviation.

“Germany’s green transition is accelerating, and the focus on sustainability and demand for renewable energy solutions only continues to grow. We’re excited to have entered into this agreement with Fraport which underlines our commitment to delivering the green services and solutions needed to secure further growth and integration of renewable energy systems across Europe,” said Jan Gibbert, Head of German Origination at Centrica Energy Marketing & Trading.

“Fraport has set itself an ambitious climate goal. By 2045, we will reduce our carbon emissions to zero throughout the Group. The PPA with Centrica is an important pillar in our strategic planning. Even now, it is making a major contribution towards shifting our energy mix in the right direction,” said Felix Kreutel, Head of Real Estate and Energy at Fraport.

“We are delighted to be part of this deal between Centrica and Fraport with our wind project. It shows that corporate PPAs will play an important role in the success of the energy transition,” said Nils Kompe, Head of Energy Supply Services and PPA Management at PNE AG.

NOTES

1. According to Our World in Data, the carbon intensity of electricity production in Germany was 386gCO2_eemitted per kilowatt-hour of electricity generated.

About Centrica Energy Trading

Centrica is a leading international energy services and solutions provider, founded on a 200-year heritage of serving people. We serve around 10 million customers across the UK, Ireland and continental Europe through brands such as British Gas. We are focused on satisfying the changing needs of our customers, enabling them to transition to a lower carbon future.

Centrica Energy Trading A/S, part of Centrica’s Energy Marketing and Trading business unit is the trading and optimisation arm of Centrica plc. We are a leading provider of energy management and optimisation services to businesses, in addition to managing commodity risk and providing wholesale market access for the Centrica Group. We have 16.5GW of capacity under contract in Europe, more than 85% of which is renewable assets.

About Fraport

Headquartered in Frankfurt, Germany, Fraport AG (Frankfurt Stock Exchange, MDAX) is one of the world leading players in the global airport business. Fraport’s portfolio of companies spans four continents with activities at 28 airports worldwide. In pre-pandemic 2019, more than 182 million passengers used airports actively managed by Fraport. As a result of the Covid-19 pandemic, Fraport’s Group airports welcomed only about 146 million passengers in 2022. Fraport AG generated revenue of €2.1 billion and profit of some €92 million in fiscal year 2021 (Dec. 31).

Fraport’s home-base Frankfurt Airport (FRA) is strategically located in the heart of Europe at the junction of vital intermodal road, rail, and air networks. The surrounding Frankfurt Rhine-Main-Neckar region serves as an economic powerhouse and logistics hub for Europe and the world. In 2019, FRA welcomed more than 70.5 million passengers and handled 2.1 million metric tons of cargo. Only 48.9 million passengers travelled through FRA in 2022, due to the Covid-19 pandemic. In terms of freight, FRA ranks first in Europe with 1,9 million metric tons handled in 2022.

About the PNE Group

The internationally operating PNE Group is listed on the SDAX and, with its brands PNE and WKN, is one of the most experienced project developers of onshore and offshore wind farms. Based on this success, the Group has developed into a "clean energy solutions provider". From initial site exploration and implementation of approval procedures via financing and turnkey construction to operation and repowering, the company's services encompass all phases of project development and operation. In addition to project development, the generation of electricity with the Company's own wind farms is becoming increasingly important. Furthermore, the range of offers includes photovoltaics, electricity storage and services. PNE is also involved in the development of power-to-X solutions.