Energy trading house Danske Commodities has signed a 15-year power purchase agreement (PPA) for part of the 3600MW Dogger Bank offshore wind farm being developed off the UK coast.
Danske Commodities will be responsible for the trading and balancing of 480MW of the wind farm’s capacity.
Dogger Bank, which is owned by Equinor (50%) and SSE Renewables (50%), is located 130km off the coast of Yorkshire.
“Signing a long-term PPA with the world’s largest offshore wind farm cements Danske Commodities’ position as a leading energy trading company. We are constantly growing our market position in the renewables space to support the energy transition with our expertise in trading and balancing,” said Danske Commodities CEO Helle Ostergaard Kristiansen.
Last year, the energy trader inked a 20-year PPA with the Hywind Scotland floating wind farm, a 15-year PPA with Sheringham Shoal offshore wind farm and a 15-year PPA with Dudgeon offshore wind farm.
Danske Commodities European power trading head Tor Mosegaard added: “The Dogger Bank PPA is a great addition to our long-term portfolio and it shows our commitment to British renewables. Danske Commodities has traded power in the UK for more than 10 years and we see PPAs as a crucial part of ensuring the continued development of renewables.
“As Equinor’s power trading arm and route-to-market for renewable power production, we help turn green ambitions into an economically viable business – one wind farm at a time.”
Danske Commodities now has more than 5GW of renewable assets under management and trades power in 39 countries.
Dogger Bank will be the largest offshore wind farm when it starts commercial operations in 2023.