The renewable electricity will come from a solar farm being built in Mecklenburg-Western Pomerania in Germany, which will have an installed capacity of 60MW.
The solar project is expected to start generating electricity in mid-2021 and will provide power under the PPA for a term of 10 years.
Christine Lauber, Director Sales & Origination at Vattenfall said: “We are very pleased that with this agreement we are further accelerating the growing market for long-term electricity supply contracts for industrial customers in Germany.
“Vattenfall’s goal is to enable fossil-free living within one generation. That also means supporting our customers in achieving their sustainability goals.”