Network Rail signs corporate PPA with RWE for offshore wind power to supply Britain's railways

Network Rail, the owner and operator of Britain's railway infrastructure, signed a corporate power purchase agreement (cPPA) with RWE to source electricity from an offshore wind farm. The deal marks a material step in decarbonizing the rail network, which has historically relied on grid power. RWE, a major European renewable energy developer, will supply the wind-generated electricity to power Network Rail's operations across the UK. The agreement underscores the growing trend of corporate buyers turning to renewable energy to meet sustainability targets. No financial terms or specific wind farm details were disclosed in the announcement.

Counterparts (2)

Offtaker

Network Rail

company · 1 deals

Network Rail owns, operates and develops Britain's railway infrastructure. This includes 20,000 miles of track, 30,000 bridges, tunnels and viaducts and the signalling system, and level crossings.

Developer

RWE

company · 15 deals

RWE is a leading renewable energy company investing billions of euros worldwide in the energy transition. They are focused on expanding offshore and onshore wind, solar energy, and battery storage, complemented by global energy trading, with a goal to be net zero by 2040.