Oil giant Shell strikes deal to buy power from ‘world’s largest offshore wind farm’

  • Date: 24-Nov-2021
  • Source: CNBC
  • Sector:Economy
  • Country:Gulf
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Oil giant Shell strikes deal to buy power from ‘world’s largest offshore wind farm’

Said Wednesday it had signed a deal to purchase power from a development dubbed "the world's largest offshore wind farm." The 15-year power purchase agreement relates to 240 megawatts from Dogger Bank C, the third and final phase of the 3.6 gigawatt Dogger Bank Wind Farm, which will be located in waters off the coast of northeast England. The agreement builds upon a previous deal to purchase 480 MW from Dogger Bank A and B, meaning that its combined offtake will amount to 720 MW. On Wednesday, Dogger Bank Wind Farm announced it had also agreed 15-year power purchase agreements for Dogger Bank C with Centrica Energy Marketing & Trading, SSE Energy Supply Limited and Danske Commodities. "The commercial power agreements provide a route to sell the green energy generated by the third phase of the wind farm into the GB electricity market when it enters commercial operation," it said. Dogger Bank A and B represents a joint venture between , SSE Renewables and , with the companies holding stakes of 40%, 40% and 20% respectively. This month, it was announced Eni would also acquire a 20% stake in Dogger Bank C, with Equinor and SSE Renewables each holding on