Octopus Energy Group has signed a power purchase agreement (PPA) with Shell to receive electricity generated by the Dogger Bank offshore wind farm project.
Dogger Bank, under construction off the North East coast of England, is a joint venture between SSE Renewables, Equinor and Vårgrønn.
Once completed, it will be the world’s largest wind farm, generating 3.6GW of green energy, enough to power roughly six million homes a year.
Shell Energy Europe, which has signed agreements to offtake 20% of the energy produced by Dogger Bank, will supply Octopus Energy with enough energy to power around 24% of Octopus’ current customer base, or around 800,000 households.
Matt Bunney, Head of Energy at Octopus Energy Group, comments: “If the energy crisis has taught us anything it is that we need to move fast to an energy system based on cheap renewables – and Dogger Bank will help to get us there.
“We already manage renewable energy assets worth over £5bn, and I’m delighted that our team managed to secure a long-term contract under Shell’s PPA on top of this, bringing 2.4TWh of green energy straight into our customers’ homes.”
Shell Energy Europe provides business customers with energy.