Good Energy is to supply its customers with offshore wind power for the first time after striking an offtake deal with Dong Energy.
The supply and generation outfit has agreed to take 12% of the output from the Danish giant’s 210MW Westermost Rough project off the east UK coast.
Good Energy said the deal is for an initial 12-month period but is “likely” to be extended as part of “wider cooperation” between both companies.
The volume of power purchased by Good Energy is also likely to increase over time, the company added.
“Offshore wind will complement the other renewable technologies in our energy mix, such as onshore wind and solar, so this agreement is a great fit for Good Energy and a good deal for our customers,” said chief executive Juliet Davenport.
Dong head of trading and portfolio management Soren Scherfig said the offshore wind company has an “ambition” to support the UK’s “energy transformation”.
“This agreement with Good Energy is an important milestone as it’s the first time a domestic supplier in the UK will buy energy from a specific Dong Energy offshore wind farm,” he said.
Good Energy’s profit increased 29% in 2016 to £27.5m from £21.3m the previous year, boosted by revenue jumping 41% to £90.4m.
Good Energy chief executive Juliet Davenport said: “There are opportunities to deliver further efficiencies in both its costs to serve and in our overhead costs, by simplifying our processes and structures and this will be a strong focus for 2017.”
Image: Westermost Rough (Dong)
