Danske Commodities has signed a 15-year power purchase agreement with the operators of the 317MW Sheringham Shoal offshore wind farm off east England.
The Danish energy trader will take over balancing and trading of 126MW of the project, which is owned by Equinor, Equitix and Green Investment Group.
Sheringham Shoal is located 17km off north Norfolk, comprises 88 Siemens Gamesa 3.6MW turbines and was brought online in 2012.
“The Sheringham Shoal PPA is a great addition to our long-term portfolio and it shows our commitment to British renewables,” said Danske Commodities chief executive Helle Ostergaard Kristiansen.
“Danske Commodities has traded power in the UK for the past ten years and we continue to be a part of the exciting development of British offshore wind.”
Equinor trading senior vice president Tor Martin added: “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.”
Danske Commodities now has more than 1.1GW of renewables assets under management in the UK, including a 20-year off-take deal for the 30MW Hywind Scotland floating project.