Danske signs power purchase agreement with Dogger Bank

18 August 2020 (Last Updated August 18th, 2020 11:57)

Danish energy trading company Danske Commodities has signed a 480MW power purchase agreement with the Dogger Bank wind farm.

Danske signs power purchase agreement with Dogger Bank
Dogger Bank is currently the largest offshore wind development in the world. Credit: Mark König on Unsplash.

Danish energy trading company Danske Commodities has signed a 480MW power purchase agreement (PPA) with the Dogger Bank wind farm.

As per the terms of the 15-year PPA, Danske Commodities will take responsibility for the trading and balancing of 480MW of energy.

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.”

Equally owned by Equinor and SSE Renewables, the 3.6GW Dogger Bank wind farm lies 130km off the coast of Yorkshire, in the UK North Sea.

The offshore wind facility is divided into three phases, Dogger Bank A, Dogger Bank B and Dogger Bank C. Each of these has a capacity of 1.2GW.

Energy generated by the entire wind facility will power 4.5 million households. Danske Commodities will purchase power from the first two phases.

The PPA is subject to financial close on Dogger Bank A and Dogger Bank B, which is expected to take place later this year.

Danske Commodities vice-president and European Power Trading head 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 ten years and we see PPAs as a crucial part of ensuring the continued development of renewables.”

Last July, Danske Commodities signed a 15-year PPA with Dudgeon wind farm in the UK.