Linde Signs Six Renewable Power Purchase Agreements Across Europe, Africa, India

Linde has signed six new power purchase agreements to source renewable electricity for operations in Spain, Greece, South Africa and India, supplying about 0.63 TWh per year from newly developed wind and solar assets. The move follows Linde's increase in active renewable power purchasing from 2.8 TWh in its 2021 baseline to 7.6 TWh in 2025, a 2.7-times rise. Linde says low-carbon power already accounts for around 50% of its global electricity consumption.

Key facts

Market context

Industrial gases such as oxygen, nitrogen and argon are produced by air separation, a process that consumes large amounts of electricity, so power is one of the biggest cost inputs for producers. These gases are used across chemicals, steelmaking, food and beverage, electronics and healthcare, and demand tends to track industrial output in those sectors. Buyers of bulk and on-site supply increasingly ask for lower-carbon product, which pushes gas producers to secure dedicated wind and solar power rather than relying only on grid electricity with a higher carbon intensity. Long-term power purchase agreements can stabilise energy costs and hedge against price swings and tightening emissions rules. For the wider market, this kind of contracting tends to raise the bar for decarbonisation claims among major suppliers, while smaller producers without similar access to renewable supply may face pressure on pricing and customer retention over time.

Source: official release on linde.com. Summary and context written by Market Krystal.