Press Releases

RPC reaches another milestone for flagship Swedish onshore wind portfolio by securing a fourth PPA

  • Renewable Power Capital and Procter & Gamble have signed a 10-year PPA for the 140MW Sörlidberget wind farm in Sweden
  • Procter & Gamble will offtake the majority of Sörlidberget’s output 
  • With this deal, almost 100% of the renewable energy generated by RPC’s 553MW Swedish onshore wind cluster has been contracted

IMMEDIATE RELEASE – London 25 April 0800 GMT

Renewable Power Capital (RPC) and Procter & Gamble have signed a 10-year Power Purchase Agreement (PPA) for more than 90% of the electricity generated by the 140MW Sörlidberget onshore wind farm in Sweden, corresponding to an expected 400 GWh per annum of green electricity.

Sörlidberget forms part of RPC’s 553MW cluster of four wind farms in the Kramfors and Sollefteå municipalities, which are currently under construction. This is the fourth PPA RPC has signed for the cluster, having already secured three other agreements – two 10-year PPAs with LyondellBasell and one 10-year PPA with Ardagh.

Almost 100% of the renewable energy generated by this cluster, which is RPC’s largest investment to date, has now been contracted.

In January 2024, RPC announced that it had ordered 80 Nordex turbines for this cluster. Nordex will start delivering and installing the turbines in the spring of 2025, with operations expected to start between Q4 2025 and Q1 2026.  

Steve Hunter, Managing Director of Power Markets and Asset Management at RPC, said: “With this deal, we are proud to have reached yet another major milestone for our largest investment to date. RPC has an impressive range of partners and we look forward to working with such a significant player as Procter & Gamble on their decarbonisation journey.”

Notes to editors

Renewable Power Capital is a London-headquartered pan-European renewables company established in 2020, with the backing of CPP Investments.

RPC invests in the development, construction, and long-term operation of onshore wind and solar projects, enabling the energy transition and driving stable long-term, risk-adjusted returns. RPC’s flexible mandate allows it to structure investments which recognise the changing market dynamics in Europe and create innovative solutions to build relationships designed for decades rather than months.

RPC is led by a seasoned and established team of energy industry professionals with deep renewable power, technical, and operational expertise, and a strong common purpose. RPC aims to pioneer the European renewables sector, accelerating the already-rapid growth and playing a key role in making the energy transition a reality.

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