Vattenfall and Parkwind have agreed to cooperate in direct marketing of the output from the 250MW Arcadis Ost 1 offshore wind farm in the German Baltic Sea.
The project will be built 19km north-east of the island of Rugen in the coastal waters of Mecklenburg-West Pomerania, Germany.
Construction is planned to begin in the second quarter of 2022.
Parkwind expects Arcadis Ost 1 to feed the first power to the German grid from the end of 2022.
Vattenfall European wholesale business head of customers Erik Suichies said: “In line with Vattenfall’s strategy to enable a fossil free living within one generation we are always seeking to further strengthen our expertise in marketing of renewable assets, especially in the field of offshore wind which is one of our focus areas in renewables.
“Therefore, Arcadis Ost 1 is a perfect match to further strengthen and diversify our direct marketing portfolio in Germany.”
Parkwind Ost managing director Eric Antoons added: “This agreement with Vattenfall adds yet another strong partner to the Arcadis Ost 1 project, this time on the power offtake side.
“Vattenfall’s direct marketing experience adds strength to our green energy mission and allows us to have the optimal approach in the German power market.”
Direct marketing is a power purchase agreement variant that is used in Germany.
The term refers to the fact that operators of newly installed renewable generation in Germany are obliged to sell the electricity they produce directly on the market.
Most operators choose not to sell the electricity on their own. Instead, they opt to hand over this task to a specialist company to act as a ‘direct marketer’.