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Danske Commodities inks PPA for 30-MW Hywind Scotland wind farm

The Hywind Scotland floating wind farm. (Photo: Oyvind Gravas / Woldcam - Statoil ASA)

June 20 (Renewables Now) - Danish energy trader Danske Commodities (DC) has signed an off-take deal with its parent Equinor ASA (NYSE:EQNR) for the output of the latter’s 30-MW Hywind Scotland floating wind farm.

Hywind Scotland, the world's first commercial-scale floating wind farm, was officially opened in October 2017. Norwegian oil and gas group Equinor owns 75%, while its partner the Abu Dhabi Future Energy Company, better known as Masdar, holds 25%.

In a press release on Wednesday, Danske Commodities said the 20-year power purchase agreement (PPA) will make it the sole off-taker, taking over the balancing and trading of the wind farm’s output. The generated electricity from the plant, located 30 km off the Scottish coast, is enough to supply around 20,000 homes annually.

In addition to handling Hywind Scotland’s output, Danske Commodities will take care of Equinor’s certificates trading activities. The Danish firm currently manages over 5,900 MW of renewables capacity in Europe.

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Browse all articles from Veselina Petrova

Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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