July 16 (Renewables Now) - Danish energy trader Danske Commodities today announced an off-take deal to balance and trade around 70% of the output of the 402-MW Dudgeon offshore wind farm in the UK.
Under the 15-year power purchase agreement (PPA), the Danish group will get the output of a 281 MW portion of the offshore wind complex, effective July 16. The deal marks its fourth long-term PPA in the UK market and comes just a few days after Danske Commodities sealed a PPA for 126 MW of the 317-MW Sheringham Shoal offshore wind farm’s generation.
The Dudgeon wind park is located off the coast of Norfolk and is operational since late 2017, producing power for over 410,000 local homes. It is a partnership between Norway’s Equinor ASA (OSE:EQNR) and Masdar, each holding a 35% stake, and China Resources (Holdings) Co Ltd with a 30% interest.
Danske Commodities, which became part of Norwegian oil and gas group Equinor last summer, currently has over 1,300 MW of renewable energy assets under management in the UK.