EnergyWatch

Green PPAs spur energy giants to go on the offensive

Large corporations like Danfoss, Amazon and Google are among the customers buying green power at fixed prices from energy giants – an arrangement projected to grow looking forward.

Michael Hannibal is a partner at Copenhagen Infrastructure Partners. | Photo: Søren Vendelbo/ERH

Green power in Denmark is becoming increasingly unsubsidized, and a recent tender for the country's largest offshore wind project, known as Thor, showed that energy giants are willing to pay huge sums to win tenders. That might sound like quite the risk to take, but such players have made some new friends which are more than willing to purchase the electricity.

These include large commercial corporations that have proven willing to sign such contracts to buy power. Oftentimes, the deals are made even before the energy projects are completed. This is because the commercial companies are eager to freeze the price of electricity. More importantly, they are interested in building a sustainable business across the entire value chain.

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