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15 year PPA for Danske Commodities at Sheringham Shoal

Power News - Published on Wed, 17 Jul 2019

Image Source: 4C Offshore
A new Power Purchase Agreement has been inked between Danish energy trader Danske Commodities and the UK offshore wind farm Sherinaham Shoal The fifteen year PPA takes effect today, and will see Danske Commodities balance and trade 126 MW, roughly 40% of the wind farm’s energy output. The project - owned by Equinor (40%), Equitix (40%), and Green Investment Group (20%) - powers approximately 220,000 UK households, and is located 17 km off the North Norfolk coast. With this agreement, the Danish company extends its UK renewable assets beyond 1.1 GW. Last month (June 2019), Danske Commodities signed a twenty year PPA with Hvwind Scotland, which had recently been taken over by Equinor.

The CEO of Danske Commodities, Helle Ostergaard Kristiansen, describes this latest PPA as a great addition to our longterm portfolio’, while Mr Tor Martin Anfinnsen, Senior Vice President for Marketing and Trading in Equinor, said that “The world needs more energy; and in the future, more of its energy supply will have to come from renewable resources such as hydropower, waves and wind. With around 40% of the EU s entire wind resources available in British waters, it makes sense to harness offshore wind.”

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Posted By : Rabi Wangkhem on Wed, 17 Jul 2019
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