UK markets closed
  • FTSE 100

    7,044.03
    -266.34 (-3.64%)
     
  • FTSE 250

    22,537.89
    -742.07 (-3.19%)
     
  • AIM

    1,181.62
    -22.34 (-1.86%)
     
  • GBP/EUR

    1.1779
    -0.0100 (-0.84%)
     
  • GBP/USD

    1.3342
    +0.0022 (+0.16%)
     
  • BTC-GBP

    40,915.60
    +507.43 (+1.26%)
     
  • CMC Crypto 200

    1,365.60
    -89.82 (-6.17%)
     
  • S&P 500

    4,594.62
    -106.84 (-2.27%)
     
  • DOW

    34,899.34
    -905.04 (-2.53%)
     
  • CRUDE OIL

    68.15
    -10.24 (-13.06%)
     
  • GOLD FUTURES

    1,788.10
    +1.20 (+0.07%)
     
  • NIKKEI 225

    28,751.62
    -747.66 (-2.53%)
     
  • HANG SENG

    24,080.52
    -659.64 (-2.67%)
     
  • DAX

    15,257.04
    -660.94 (-4.15%)
     
  • CAC 40

    6,739.73
    -336.14 (-4.75%)
     

Dogger Bank in long-term wind power deal with Danske Commodities, Shell and Centrica

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

COPENHAGEN/LONDON (Reuters) - Britain's Dogger Bank, which is expected to become the world's largest wind farm, has secured long-term deals with Danish energy trading company Danske Commodities, oil major Shell and utility Centrica for electricity from its final stage.

Located off the northeast coast of England, Dogger Bank is being developed in A, B and C stages which will have a combined capacity of 3.6 gigawatts (GW) of electricity, able to supply around 6 million homes when they are completed in 2026.

Under the 15-year power purchase agreements (PPA) announced on Wednesday, Danske Commodities will be responsible for trading 480 megawatts from the C project. It already has PPAs with the Dogger Bank A and B projects for 480 megawatts (MW)

Shell Energy Europe will be responsible for 240 MW of capacity, or 20%, as will Centrica Energy Marketing and Trading. SSE's Energy Supply Limited has signed a PPA for the remaining 20% of the Dogger Bank C power.

Dogger Bank C is a joint venture between Equinor and SSE Renewables, with ENI set to get a 20% stake by the first quarter next year, Danske Commodities said.

"We're proud to be selected as an offtaker for all three Dogger Bank projects," Tor Mosegaard, Danske Commodities' Head of European Power Trading, said.

(Reporting by Nikolaj Skydsgaard in Copenhagen and Susanna Twidale in London, Editing by Louise Heavens and Alexander Smith)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting