Danske Commodities takes over trading of 126 MW in UK\'s Sheringham Shoal wind farm

Danske Commodities takes over trading of 126 MW in UK's Sheringham Shoal wind farm

Danske Commodities will take over balancing and trading of 126 megawatts (MW), equivalent to 40% of the wind farm's productionReuters  |  July 13, 2019, 13:00 IST
Danske Commodities takes over trading of 126 MW in UK's Sheringham Shoal wind farm LONDON: * Danish energy trading company Danske Commodities has signed a 15-year power purchase agreement (PPA) with British wind farm Sheringham Shoal

* Danske Commodities will take over balancing and trading of 126 megawatts (MW), equivalent to 40% of the wind farm's production

* Equinor and Equitix own 40% of Sheringham Shoal each, with Green Investment Group, a Macquarie-owned firm, owning the remaining 20%

* Equinor bought Danske Commodities in 2018 for 400 million euros ($451 million)

* Danske Commodities now has more than 1,100 MW of renewable assets under management in Britain and trades power in 38 countries.