Danske Commodities Continues Shopping Spree

Danish energy trading company Danske Commodities has signed another 15-year Power Purchase Agreement (PPA) with a British wind farm.

Image: PixabayImage: Pixabay

Danske Commodities will take over balancing and trading of 281 MW, equivalent to 70% of Dudgeon Offshore Wind Farm's production. Dudgeon is owned by Equinor, Masdar and China Resources and located 32 km off the coast of Norfolk in the UK. The wind farm powers more than 410,000 British households.

“We have signed on to balance and trade 281 MW generated from Dudgeon offshore wind farm, making this Danske Commodities’ fourth long-term PPA in the UK market. Together with Equinor, we are growing our portfolio and making renewables a profitable business – one project at a time,” said Danske Commodities CEO Helle Østergaard Kristiansen.

“The Dudgeon offshore wind farm is part of Equinor’s strategy to gradually supplement our oil and gas portfolio with profitable renewable energy. Offshore wind has been the natural place to start, as we can build on our maritime expertise, experience from complex projects and our supplier chain,” said Irene Rummelhoff, Executive Vice President of Marketing, Midstream and Processing at Equinor.

Since becoming part of Norwegian energy company Equinor on 1 February 2019, Danske Commodities has increased its renewables portfolio in the UK by 50%, signing a 20-year PPA with Hywind Scotland wind farm in June and earlier this month a 15-year PPA with Sheringham Shoal wind farm.

Danske Commodities
Windfair Staff
Danske Commodities, Equinor, Dudgeon, offshore, PPA, wind farm, UK, renewable energy, trading

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