Danske Commodities has signed a 15-year power purchase agreement (PPA) for 480 MW with the world’s largest offshore wind farm, Dogger Bank.
Under the agreement, Danske Commodities will be responsible for the trading and balancing of 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, Dogger Bank is set to become the world’s largest offshore wind farm and will provide 4.5 million British households with clean energy.
“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.”Danske Commodities’ CEO Helle Østergaard Kristiansen.
“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 ten years and we see PPAs as a crucial part of ensuring the continued development of renewables.”Danske Commodities’ VP, head of European Power Trading Tor Mosegaard.
Danske Commodities now has more than 5,000 MW of renewable assets under management and trades power in 39 countries.