The Danish energy trading company Danske Commodities has entered into a 15-year Power Purchase Agreement (PPA) for the upcoming Dogger Bank offshore wind farm.
According to the agreement, Danske Commodities will therefore be responsible for trading 480 MW of Dogger Bank's upcoming capacity of 3.6 GW. When Dogger Bank is completed, it will be the world's largest offshore wind farm.
- We are proud to enter into an agreement with the world's largest offshore wind farm. The agreement with Dogger Bank is part of Danske Commodities' strategic ambition to use our deep knowledge of the market and trading expertise to support the green transition. At the same time, the agreement cements Danske Commodities' position as a leading energy trading house, says Danske Commodities' CEO, Helle Østergaard Kristiansen.
Equinor and SSE Renewable both own 50 percent. of Dogger Bank, and the offshore wind farm is expected to be commissioned in 2023.
- The PPA with Dogger Bank represents an important expansion of our long-term portfolio and reflects our commitment to renewable energy in the UK. Danske Commodities has been trading energy in the UK for over ten years, and for us PPAs are an important way to ensure the continued development of renewable energy, says Tor Mosegaard, Danske Commodities' Head of European Power Trading.
Danske Commodities is based in Aarhus and was acquired by Equinor last year for just over three billion DKK. Danske Commodities has previously entered into PPAs in the UK for, among others, the offshore wind farms Sheringham Shoal, Hywind Scotland and Dudgeon.
Since Danske Commodities was acquired by Equinor, Danske Commodities' portfolio in the UK has grown by more than 50 percent and is responsible for the sale of more than 5 GW of renewable energy in Europe.
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