Ørsted strikes massive deal on competitors' offshore project

Equinor and SSE enter a 15-year agreement with Ørsted, which will trade and balance the power generated from 960 MW of Europe's largest offshore wind farm.

Photo: Ørsted

If you can't beat them, join them. The phrase attains a new meaning in British waters, where Ørsted has just signed a deal on trading and balancing 40 percent of the power generation of the first two phases of Europe's largest offshore wind farm, Dogger Bank, rated at 2.4 GW. The Danish utility will thereby handle trading of what corresponds to 960 MW.

"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," says Executive VP and Chief Executive Morten Buchgreitz of Ørsted Markets & Bioenergy in a statement.

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