Independent energy company Danske Commodities is to manage 50% of the output from SSE’s 588MW Beatrice offshore wind farm in Scotland.
The Danish outfit has signed a 15-year power purchase agreement with Beatrice Offshore Wind Limited, where partners also include Repsol and Copenhagen Infrastructure Partners.
Danske Commodities will handle all forecasting and trading for 294MW in what is its first long-term balancing contract in the UK market.
“The agreement with Beatrice is an important milestone for Danske Commodities. It builds on our experience in structuring PPAs in Europe and demonstrates our capability as a long-term counterparty in the UK market,” said chief executive Dirk Mausbeck.
“The growing share of renewable energy will create new types of risks and opportunities for participants in the UK market. As a leader in a number of European markets with a large share of renewable energy, we see strong opportunity to support UK renewables with competitive solutions that manage their risk and lower their costs, while meeting the needs of their investors and banking partners,” he added.
Beatrice project manager Steve Wilson said: “Danske Commodities structured a flexible and competitive solution that met our needs and we look forward to working with them as the project progresses.”
Beatrice will feature Siemens turbines and is due online in 2019.
Image: the project will be built near the existing Beatrice demonstrator (Senvion)
