Offshore staff
STAVANGER, Norway – SSE Renewables and Equinor have signed 15-year offtake power purchase agreements (PPA) with Ørsted, Shell Energy Europe Ltd., Danske Commodities, and SSE Energy Supply Ltd. for the first two phases of the 3.6-GW Dogger Bank wind farm in the UK North Sea.
The agreements are subject to financial close on Dogger Bank A and Dogger Bank B, which is expected soon.
The deals to buy the power generated by the first two phases of the wind farm follow the conclusion of a competitive bidding process. Taken together they are said to represent the largest set of PPAs completed to date in a tender process for a renewable energy project in the UK market.
Ørsted will trade and balance 960 MW while Shell Energy Europe, SSE Energy Supply, and Danske Commodities will have responsibility for 480 MW each of installed generation capacity across Dogger Bank A and B.
Dogger Bank Wind Farm is a joint venture between SSE Renewables, who is leading the construction of the offshore wind farm, and Equinor, who will operate the project during its lifetime of at least 25 years. When completed, Dogger Bank is expected to be the world’s largest offshore wind farm.
Due to its size and scale, the overall wind farm is being built in three consecutive 1.2-GW phases; Dogger Bank A, Dogger Bank B, and Dogger Bank C. Each project is expected to generate around 6TWh of electricity annually.
Dogger Bank Wind Farm secured 3.6 GW of offshore wind contracts in the UK government’s 2019 Contracts for Difference (CfD) auctions. The CfDs awarded provide overall price certainty to each phase of the project for a period of 15 years.
The offtake PPAs cover a matching 15-year term from the start of the CfDs awarded to each project. The commercial power agreements provide a route to sell the green energy generated by both wind farms into the GB electricity market when they each enter operation.
Located more than 130 km (81 mi) offshore northeast England, the Dogger Bank wind farm is expected to power up to 4.5 UK million homes each year when complete in 2026.
11/24/2020
