Danske Commodities Strikes Again
- Contracts & Tenders
Danish energy trading company Danske Commodities has signed a 15-year Power Purchase Agreement (PPA) with the Dudgeon offshore wind farm in the UK.
Effective 16 July, Danske Commodities will take over balancing and trading of 281MW, equivalent to 70% of the wind farm’s production.
The 402MW Dudgeon is owned by Equinor (35%), Masdar (35%) and China Resources (30%). The wind farm is located 32 kilometres off the coast of Norfolk.
“We have signed on to balance and trade 281 MW generated from Dudgeon offshore wind farm, 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,” said Danske Commodities CEO Helle Østergaard Kristiansen.
This is the company’s fourth long-term PPA in the UK market and the third offshore wind PPA in less than a month, following a 20-year PPA with Hywind Scotland wind farm and a 15-year PPA with Sheringham Shoal. Back in 2016, the energy service company signed a 15-year PPA with Beatrice Offshore Windfarm Ltd.
Since becoming part of Norwegian energy company Equinor on 1 February 2019, Danske Commodities has increased its renewables portfolio in the UK by 50%.
“The Dudgeon offshore wind farm 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,” said Irene Rummelhoff, Executive Vice President of Marketing, Midstream and Processing at Equinor.