PPA signed with the world´s largest offshore wind farm

Energy trading company Danske Commodities has signed a 15-year power purchase agreement (PPA) with the world’s largest offshore wind farm, Dogger Bank, in the UK. Under the agreement, Danske Commodities will be responsible for the trading and balancing of 480 MW.

Dogger Bank Wind Farm is owned by Equinor (50%) and SSE Renewables (50%) and is located 130 km off the coast of Yorkshire. With a total capacity of 3.6 GW, Dogger Bank will provide 4.5 million British households with renewable electricity. The commercial operations date for the project is from 2023.

The wind project consists of three phases: Dogger Bank A, Dogger Bank B, and Dogger Bank C. Each phase accounts for 1.2 GW of the farm’s total capacity. Danske Commodities will offtake power from the first two phases, Dogger Bank A and Dogger Bank B.

Danske Commodities’ CEO Helle Østergaard Kristiansen, said: “Signing a long-term PPA with the world’s largest offshore wind farm 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 offtake power purchase agreement is subject to financial close on Dogger Bank A and Dogger Bank B, expected late 2020.

Danske Commodities is an energy trading company that specialises in short-term power and gas trading and offers balancing, optimisation and hedging services to energy producers and suppliers. Danske Commodities is a wholly-owned subsidiary to Norwegian energy company Equinor, operating under its own name and brand.