Danska Commodities Inks PPA with Hywind Scotland

Laxman Pai
Friday, June 21, 2019

Danish energy trading company Danske Commodities signed a 20-year Power Purchase Agreement (PPA) with the world’s first floating wind farm, Hywind Scotland.

Hywind Scotland, the world's first commercial-scale floating wind farm, was officially opened in October 2017. Norwegian oil and gas group Equinor owns 75%, while its partner the Abu Dhabi Future Energy Company, better known as Masdar, holds 25%.  

As the sole offtaker, Danske Commodities will take over balancing and trading of Hywind Scotland’s total volume of 30 MW.  The wind farm, which is located 30 km off the coast of Scotland, powers around 20,000 households.

“The agreement with Hywind Scotland marks a new chapter for Danske Commodities. By adding a 20-year PPA to our long-term portfolio, we will continue to strengthen our position in the PPA market and support Equinor’s growing portfolio of renewables”, said Danske Commodities CEO Helle Østergaard Kristiansen.

“Hywind Scotland is the world’s first floating wind farm and we are excited to partner up with Danske Commodities. Floating wind farms hold great potential as close to 80% of the ocean’s resource potential is in deep waters. And looking ahead, floating offshore wind is estimated to constitute 10% of the market, potentially powering 12 million homes by 2030”, said Jens Økland, Equinor Senior Vice President, Business Development, New Energy Solutions.

Categories: Wind Power Offshore Wind Power Generation Offshore Energy

Related Stories

Malaysia’s Petronas and Oman’s OQEP Strengthen Oil and Gas Ties

Yinson Production Nets DNV Approval for New FPSO Hull Design

Synergy Marine Group Completes Conversion of LNG Vessel to FSRU

CIP, Petrovietnam Team Up for Offshore Wind Project in Vietnam

Seatrium Signs FLNG Vessel Upgrade Deal for Golar LNG

SPE Offshore Europe 2025 set to drive transformational change for the energy sector

Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

China Rolls Out 17MW Floating Wind Turbine Prototype

Woodside Finds South Korean Partners to Advance LNG Value Chain

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Current News

Malaysia’s Petronas and Oman’s OQEP Strengthen Oil and Gas Ties

Southeast Asia’s 2GW Cross-Border Offshore Wind Scheme Targets 2034 Buildout

Pharos Energy Kicks Off Drilling Campaign Offshore Vietnam

Viridien to Shed More Light on Malaysia’s Offshore Oil and Gas Potential

US Pressure on India Could Propel Russia's Shadow Oil Exports

Energy Drilling’s EDrill-2 Rig Starts Ops for PTTEP in Gulf of Thailand

RINA Wins FEED Contract for Petronas’ Flagship CCS Project in Malaysia

ABL Secures Rig Moving Assignment with India's ONGC

Pakistan, Türkiye Deepen Oil and Gas Ties with Offshore Indus-C Block Deal

Eni-Petronas Gas Joint Venture Up for Launch in 2026

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com