The world's largest offshore wind farm deals to sell electricity

United Kingdom (Natural Energy News): A massive wind farm, being developed off the coast of, will sell some of its energy to energy trader Danske Commodities A / S.




Under the 15-year deal, Equinor ASA's subsidiary Dogar Bank will trade and balance approximately 13% of its capacity from the wind farm's 480 MW. This is a major step as developers of large wind parks moves towards a final investment decision.


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Dogger Bank is a combined enterprise between Equinor and Scottish utility SSE plc. The pair won a government auction last year to sell electricity at record-low prices.


That contract meant that the owners of the wind farm would have to pay the same price regardless of the power market. If prices fall, the wind farm is protected.


If the price they get is less than Dogar Bank's government contract, the government will reimburse the difference. If the market price is above the contract, the wind farm owners will pay back to the government.


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