Dogger Bank Wind Farm venture partners SSE Renewables and Equinor announced today a series of 15-year offtake Power Purchase Agreements (PPAs) for the first two phases of the massive 3.6 GW offshore wind farm.
When completed, Dogger Bank will be the world’s largest offshore wind farm. Construction on the project is being led by SSE, while Equinor will operate the project. The wind farm is being built in three consecutive 1.2GW phases; Dogger Bank A, Dogger Bank B and Dogger Bank C, with each project expected to generate around 6TWh of electricity annually.
According to the companies, PPAs for a total of 2.4GW across both Dogger Bank Wind Farm A and B have been concluded with external offtakers Ørsted for 960 MW and Shell Energy Europe Limited for 480 MW, and with sponsor offtakers Danske Commodities on behalf of Equinor and SSE Energy Supply Limited on behalf of SSE Renewables at 480 MW each. Taken together, the agreements represent the largest set of PPAs completed to date in a tender process for a renewable energy project in the UK energy market.
The development of offshore wind resources is a major factor in the UK’s recently unveiled 10-point ‘Green Industrial Revolution‘ plan. Prime Minister Boris Johnson has introduced investment and initiatives aimed at establishing the country as the world leader in clean energy, with plans to quadruple offshore wind production to 40GW by 2030, producing enough energy to power every UK home.
Steve Wilson, Dogger Bank Wind Farm’s Project Director at SSE Renewables, said:
“Today’s announcement that we have concluded offtake Power Purchase Agreements for Dogger Bank A and B marks one of our final milestones ahead of reaching financial close soon for what will be the world’s biggest offshore wind farm. These agreements with leading energy trading companies will ensure the renewable energy generated by the first two phases of Dogger Bank Wind Farm can be sold into the GB electricity market, delivering on our promise to power millions of British households with green energy.”
Halfdan Brustad, vice president for Dogger Bank at Equinor, said:
“We are delighted to announce offtake agreements for Dogger Bank A and B. Despite the current global challenges, the project is really moving forwards and this tangible milestone brings us one step closer to Financial Close. Large-scale renewable energy projects like Dogger Bank are not only crucial for the UK to reach its net zero ambitions, the project will bring many economic benefits to the UK in terms of jobs and supply chain opportunities. We are proud to be contributing to a just energy transition and supporting the Government’s 10 point plan for a green industrial future.”
Morten Buchgreitz, Executive Vice President and CEO of Ørsted Markets & Bioenergy, said:
“We’re very pleased with the signing of this agreement which underlines our position as a leading energy trading company in the UK. Handling a 15-year trading agreement with the Dogger Bank Wind Farm is indeed in line with our vision to create a world that runs entirely on green energy. We’re very much looking forward to our cooperation.”
Rupen Tanna, general manager for power at Shell Energy Europe, said:
“We are proud to support the world’s largest offshore wind farm through a long-term agreement that will help us to meet the evolving energy needs of our customers. As the UK Government underscored earlier this month, offshore wind will play a key role in the UK’s transition to a low-carbon future.”