Power Purchase Agreements signed for Dogger Bank C
SSE Renewables and Equinor, the joint venture partners co-developing the 3.6GW Dogger Bank Wind Farm in the North Sea, have announced today that 15-year offtake Power Purchase Agreements (PPAs) have been signed for the third phase of the world’s largest offshore wind farm.
Dogger Bank Wind Farm will be constructed over 130km out to sea off the north-east coast of England, where wind speeds are higher and more consistent than near to the shore. Due to its size and scale, Dogger Bank Wind Farm is being built in three consecutive 1.2GW phases; Dogger Bank A, Dogger Bank B and Dogger Bank C. Each phase is expected to generate around 6TWh of electricity annually, totalling 18TWh annually across all three phases – that’s enough renewable electricity to supply 5% of the UK’s demand and equivalent to powering six million UK homes.
Once the three phases are complete, which is expected by March 2026, Dogger Bank will be the largest offshore wind farm in the world.
Separate PPAs for a total of 1.2GW for Dogger Bank C have been concluded with sponsor offtakers Danske Commodities (40% share) on behalf of Equinor and SSE Energy Supply Limited (20% share) on behalf of SSE Renewables, and also with external offtakers Centrica Energy Marketing and Trading (20% share) and Shell Energy Europe Limited (20% share). The agreements are subject to Financial Close on Dogger Bank C, which is expected by the end of 2021.
The deals to buy the power generated by the third phase of the wind farm follow the conclusion of a competitive bidding process.
Danske Commodities will have trading and balancing responsibility for 480MW while Centrica Energy Marketing and Trading, Shell Energy Europe, and SSE Energy Supply will have responsibility for 240MW each of installed generation capacity across Dogger Bank C.
Cassim Mangerah, Managing Director of Centrica Energy Marketing and Trading said:
“We are proud to take a significant proportion of the output from Dogger Bank which, once complete, will be a very important energy resource for the UK. The signing of this deal further underlines our reputation as a leading player in European energy markets and will help us to deliver on our commitment to help our customers live more sustainably and more affordably.”
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