Danske Commodities signs PPA for 40% of Sheringham Shoal offshore wind park

Danish energy trader Danske Commodities announced today it signed a power purchase agreement (PPA) for the output of a 126-MW portion of the Sheringham Shoal offshore wind farm in UK waters.

The 15-year PPA is effective as of Friday, July 12, when Danske Commodities starts balancing and trading its 40% of the wind farm's output.

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The 317-MW Sheringham Shoal is located 17 kilometres off the coast of North Norfolk. With its 88 wind turbines, it produces enough power for around 220,000 UK households. The wind farm's owners are Norway’s Equinor ASA (NYSE:EQNR) and UK investor Equitix, each holding a 40% stake, and the Green Investment Group, which holds the remaining 20%.

Danske Commodities now manages over 1,100 MW of renewable energy assets in the UK and trades power in 38 countries, the trader says on its website.