Danske Commodities signs PPA with UK windfarm

17 July 2019 (Last Updated July 17th, 2019 11:42)

Danish energy trading company Danske Commodities has signed a 15-year power purchase agreement (PPA) with British wind farm Dudgeon.

Danish energy trading company Danske Commodities has signed a 15-year power purchase agreement (PPA) with Dudgeon windfarm. This is Danske Commodities’ fourth long-term PPA in the UK market.

Danske Commodities CEO Helle Østergaard Kristiansen said: “We have signed on to balance and trade 281 MW generated from Dudgeon offshore windfarm, making this Danske Commodities’ fourth long-term PPA in the UK market.

“Together with Equinor, we are growing our portfolio and making renewables a profitable business, one project at a time.”

Danske Commodities said that it will take over balancing and trading of 281MW, which equates to 70% of the wind farm’s production, effective immediately.

Located 32km off the coast of Norfolk in the UK, Dudgeon wind farm is jointly owned by Equinor (35%), Masdar (35%) and China Resources (30%). It currently powers more than 410,000 British households.

Equinor Midstream and Processing executive vice-president of marketing Irene Rummelhoff said:  “The Dudgeon offshore windfarm is part of Equinor’s strategy to gradually supplement our oil and gas portfolio with profitable renewable energy.

“Offshore wind has been the natural place to start, as we can build on our maritime expertise, experience from complex projects and our supplier chain.”

In June 2019 Danske Commodities signed a 20-year PPA with Hywind Scotland wind farm and earlier this month it entered into a 15-year PPA with Sheringham Shoal windfarm in the UK.

Danske Commodities currently has more than 1,300MW of renewable assets under management in the UK and trades power in 38 countries.