Danske Commodities wins tender for record-breaking 1.1 GW offshore wind project

Danske Commodities has been selected to provide route-to-market services for the biggest offshore wind farm in Denmark, Thor. The wind farm is developed by RWE as a joint venture of RWE (51%) and Norges Bank Investment Management (49%). When fully operational, Thor will be able to power the equivalent of more than one million Danish homes. 

“We are proud to join Denmark’s largest offshore wind project as the route-to-market partner for Thor. With more than 20 years of experience from the Danish power market, we will apply our trading expertise to connect the power production from Thor to the market and create value for our partners,” said Jakob Sørensen, CEO of Danske Commodities.   

Thor offshore wind farm is being built 22 kilometres off the coast of Thorsminde on the west coast of Jutland. Through 72 wind turbines the wind farm will increase Denmark’s share of electricity produced from renewable energy sources and help to reduce the country’s carbon emissions. 

“Building on vast experience from short-term power trading, Danske Commodities has a proven track record in balancing renewable energy assets, benefitting from our market-leading capabilities within algorithmic trading and weather analysis,” said Sørensen, and he concluded: 

 “Danske Commodities was founded in Denmark more than two decades ago. This is our homebase and we look forward to being part of record-breaking Danish project, bringing green electricity to one million households.” 

 Danske Commodities currently manages a contract portfolio of 17 GW renewables and flexible assets across Europe. 

Facts about Thor 

• Asset: offshore wind
• Location: west coast of Jutland, DK
• Planned capacity: 1.1 GW
• Owner: RWE (51%) and Norges Bank Investment Management (49%)
• COD: 2027 

About Danske Commodities  

Danske Commodities is an energy trading company that specialises in power and gas trading and offers balancing, optimisation and hedging services to energy producers and suppliers. Every day, the company completes more than 90,000 trades across 40+ countries, constantly moving energy from where there is more than needed to where it is needed most. Danske Commodities is a wholly-owned subsidiary of Norwegian energy company Equinor, operating under its own name and brand. 

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• English press release
• Danish press release
• German press release