By Giulia Petroni
E.ON SE said Tuesday that it has signed a multiyear agreement to purchase the output of more than 20 British wind farms with RWE AG renewables subsidiary.
The two-and-a-half-year power purchase agreement allows E.ON to buy around 3 terawatts per hour of power annually from wind farms operated by RWE across Britain.
The wind farms were built by E.ON as part of the company's 3.3 billion-pound ($4.2 billion) investment in U.K. renewables over the last 10 years, the company said. The ownership was transferred to RWE in October as part of the companies' asset swap deal.
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