Renantis signs 10-year PPA with plastic caps firm

Italian developer Renantis has secured a 10-year power purchase agreement to supply power from its Åliden wind farm in Sweden to plastic cap producer United Caps.

United Caps has agreed to buy around 40% of the electricity produced by the 46.8MW wind farm, which is located in the Vasternorrland region of northern Sweden.

Renantis was formerly known as Falck Renewables. Toni Volpe, CEO of Renantis, said: "This is our second corporate PPA to close in Sweden and is another important step to contract our energy consistently under long term power purchase agreements in line with our strategy of value creation."

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