Ørsted Signs PPA with innogy for Triton Knoll Offshore Wind Farm

Wind Industry Profile of

Ørsted has signed a power purchase agreement (PPA) with innogy SE under which Ørsted will offtake 100 per cent of the power generated by the British Triton Knoll Offshore Wind Farm.

Once the offshore wind farm is operational, Ørsted will handle the intra-day fluctuations in volume and prices balancing the power into the grid. Ørsted’s market exposure is limited to fluctuations in power prices on a day-to-day basis. The agreement is similar to agreements that Ørsted has with partners in Ørsted’s own portfolio of offshore wind assets. The agreement with Innogy SE covers the first 15 years of generation from the offshore wind farm. The wind farm has a planned installed capacity of 860 megawatts (MW), and commissioning is... ... More: Official Press Release Ørsted

Keywords:

Ørsted, grid, UK, innogy, Triton Knoll, PPA, balancing