Danske Commodities takes over trading of 281 MW in UK\'s Dudgeon wind farm

Danske Commodities takes over trading of 281 MW in UK's Dudgeon wind farm

Danske Commodities will take over balancing and trading of 281 MW, equivalent to 70% of the wind farm's productionReuters  |  July 16, 2019, 15:58 IST
Danske Commodities takes over trading of 281 MW in UK's Dudgeon wind farm LONDON: * Danish energy trading company Danske Commodities has signed a 15-year power purchase agreement (PPA) with British offshore wind farm Dudgeon, making this the company's fourth long-term PPA in the country's market

* Danske Commodities will take over balancing and trading of 281 megawatts (MW), equivalent to 70% of the wind farm's production

* Equinor and Masdar own 35% of Dudgeon each, with China Resources owning the remaining 30%

* Equinor bought Danske Commodities in 2018 for 400 million euros ($450.16 million)

* Danske Commodities now has more than 1,300 MW of renewable assets under management in Britain and trades power in 38 countries.

* In June, Danske Commodities signed a 20-year PPA with Hywind Scotland wind farm and earlier this month, a 15-year PPA with Sheringham Shoal wind farm was announced.