Sysco GB signs PPA with Shell Energy Europe for wind power
20 GWh
Capacity
operating
Stage
Race Bank offshore wind farm
Project
Sysco GB has signed a power purchase agreement (PPA) with Shell Energy Europe to procure 20 GWh of wind power annually until 2035. This agreement will cover approximately one-third of Sysco GB's expected energy consumption by 2030, supporting their goal of transitioning to 100% renewable energy by that year. The electricity will be sourced from the Race Bank offshore wind farm, for which Shell Energy Europe has an offtake agreement. This deal marks a significant step in Sysco GB's sustainability efforts, complementing existing solar panel installations and energy efficiency improvements.
Deal Analysis
Sysco GB's power purchase agreement (PPA) with Shell Energy Europe represents a significant step towards the company's sustainability goals. The agreement secures 20 GWh of wind power annually from the Race Bank offshore wind farm until 2035, covering approximately one-third of Sysco GB's projected energy needs by 2030. This commitment directly supports Sysco GB's ambition to achieve 100% renewable energy consumption by 2030, complementing their existing investments in solar power and energy efficiency initiatives. The deal demonstrates a proactive approach to decarbonizing their operations and mitigating exposure to volatile energy markets.
This PPA is notable for several reasons. First, it involves a major food service distributor, Sysco GB, partnering with a leading energy company, Shell Energy Europe. Second, the long-term nature of the agreement (until 2035) provides both parties with revenue and supply certainty. Third, the deal leverages an existing, operating offshore wind farm (Race Bank), minimizing project risk. Finally, while the financial value is undisclosed, the 20 GWh annual capacity is a substantial commitment, indicating a significant investment in renewable energy.
- Long-term PPA (until 2035) provides revenue and supply certainty.
- Involves a major food service distributor (Sysco GB) and a leading energy company (Shell Energy Europe).
- Leverages an existing, operating offshore wind farm (Race Bank), minimizing project risk.
- Supports Sysco GB's goal of 100% renewable energy consumption by 2030.
Market Context: The European PPA market is experiencing strong growth, driven by increasing corporate demand for renewable energy and government policies promoting decarbonization. Offshore wind is a key technology in this market, offering large-scale, reliable renewable energy generation.
Timeline
Announced
Feb 6, 2026
Signed
Feb 6, 2026
Closed
Counterparts (2)
Market Context
This deal is part of the Offshore Wind sector in United Kingdom.
25
Offshore Wind deals
94
deals in United Kingdom
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