Danske Commodities signs PPA for 126 MW offshore wind

12.07.2019

Danish energy trading company Danske Commodities announced today that it has signed a 15-year Power Purchase Agreement (PPA) with UK wind farm Sheringham Shoal, which powers about 220,000 homes with clean energy.

Effective today, Danske Commodities will take over balancing and trading of 126 MW, equivalent to 40% of the wind farm’s production. Sheringham Shoal is owned by Equinor (40%), Equitix (40%) and Green Investment Group (20%). The wind farm is located 17 km off the coast of North Norfolk in the UK and powers about 220,000 British households.

“The Sheringham Shoal 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 the past ten years and we continue to be a part of the exciting development of British offshore wind”, said Danske Commodities CEO Helle Østergaard Kristiansen. 

“The world needs more energy, and in the future, more of its energy supply will have to come from renewable resources such as hydropower, waves and wind. With around 40% of the EU’s entire wind resources available in British waters, it makes sense to harness offshore wind”, said Tor Martin Anfinnsen, Senior Vice President for Marketing and Trading in Equinor.

The Sheringham Shoal agreement adds to Danske Commodities’ growing presence in the long-term PPA market. In June, the energy trader inked a 20-year PPA for trading and balancing of Hywind Scotland wind farm to maximise new owner Equinor’s growing production of renewable energy.

Danske Commodities now has more than 1,100 MW of renewable assets under management in the UK and trades power in 38 countries.

PROJECT DETAILS

  • Name: Sheringham Shoal
  • Location: North Norfolk (UK)
  • Tenor: 15 years
  • Contracted capacity: 126 MW (equivalent to 40% of the total farm)

WHO IS DANSKE COMMODITIES

Danske Commodities is an energy trading company that specialises in short-term power and gas trading and offers balancing, optimisation and hedging services to energy producers and suppliers. Every day, the company completes more than 3750 trades across 38 countries, constantly moving energy from where there is more than needed to where it is needed most. Danske Commodities is a wholly-owned subsidiary to Norwegian energy company Equinor, operating under its own name and brand.

Get in touch

Lotte Ulsøe

LOTTE ULSØE
Communications Specialist

For further information, image requests and media inquiries, contact Lotte Ulsøe.

CONTACT

Direct contact information:

Lotte Ulsøe

T: +45 2277 6214

E: lul@danskecommodities.com

Thanks for your enquiry. We will get back to you as soon as possible.

Power traders looking at screens
Power

Power Trading

Our core business has always been trading electrical power across Europe. We specialise in renewable energy and emerging markets.

Wind turbines in green landscape
Power Purchase Agreements

PPAs

Danske Commodities offers attractive Power Purchase Agreements (PPAs) on both standard fixed or floating prices and individually structured settlements.

Danske Commodities offices
Media

Media enquiries

Do you have a media enquiry or want to read our press releases, articles and cases?