Energy trading company Danske Commodities has signed a 15-year, 480-MW power purchase agreement (PPA) with what will be the world’s largest offshore windfarm, Dogger Bank
Under the agreement, Danske Commodities will be responsible for trading and balancing the 480 MW.
Dogger Bank is owned by Equinor (50%) and SSE Renewables (50%) and is located 130 km off the coast of Yorkshire in the UK. With a total capacity of 3.6 GW, it is set to become the world’s largest offshore windfarm.
Danske Commodities chief executive Helle Østergaard Kristiansen said, “Signing a long-term PPA with the world’s largest offshore windfarm cements Danske Commodities’ position as a leading energy trading company. We are constantly growing our market position in the renewables space to support the energy transition with our expertise in trading and balancing.”
The Dogger Bank agreement adds to Danske Commodities’ growing presence in the PPA market. Last year, the energy trader inked a 20-year PPA with Hywind Scotland windfarm (the world’s first floating windfarm), a 15-year PPA with the Sheringham Shoal windfarm and a 15-year PPA with the Dudgeon windfarm as part of a planned novation from owner Equinor.
Danske Commodities vice president and head of European trading Tor Mosegaard said, “The Dogger Bank PPA is a great addition to our long-term portfolio and it shows our commitment to British renewables. Danske Commodities has traded power in the UK for more than 10 years and we see PPAs as a crucial part of ensuring the continued development of renewables.
Dogger Bank is due to enter into commercial operation from 2023.
Riviera held a series of webinars on offshore wind in June. These are available to view in our webinar library