Energy trading company Danske Commodities has signed balancing agreements for two wind farms in Sweden with a combined capacity of 235MW.
Under the agreement that was negotiated by Enercon Energy Partners (EEP) with Danske Commodities, Danske Commodities will provide market access and balancing services for Ersträsk South and Ersträsk North.
The onshore wind assets were developed by Enercon and are managed by OX2.
Sweden is scaling up its renewable energy generation and by 2030, the country aims to add 52 terawatt hours (TWh) from onshore wind, 65TWh from offshore wind and 10TWh from solar. With the influx of renewables in the Swedish energy mix, the need for balancing increases.
“We are proud to announce our balancing agreement with Ersträsk South and Ersträsk North.
“Danske Commodities has a proven track record with balancing assets with intermittent energy generation and we see a good opportunity to expand our service offerings to Sweden.
“Last year, we entered the Swedish market for flexible assets, and we are now starting to build a renewables portfolio in the region,” said Kalle Kastan, Senior Originator at Danske Commodities.
With 235MW wind added to the portfolio, Danske Commodities is gearing up to build a substantial asset portfolio in Sweden, consisting of both renewables assets and flexible assets.
“We want to be a preferred partner for Swedish energy asset owners, with energy market services covering renewables, CHPs, biomass, waste and batteries.
“Building on 20 years of trading experience, we aim to create value for our customers through balancing and asset optimisation,” said Kastan.
Danske Commodities manages a contract portfolio of 10GW across Europe in close collaboration with its customers consisting of energy producers and industrial consumers.