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Statkraft buys half of DONG’s UK offshore wind production

Statkraft and DONG Naturgas A/S have signed a power purchase agreement (PPA) worth around £160 million for half of DONG’s UK offshore wind output.

By Renewable Energy Focus staff

The two-year PPA sees Statkraft buying 50% of the production of DONG’s Burbo Bank, Gunfleet Sands, Walney and London Array offshore wind farm projects.

With an initial installed offshore wind capacity of 127 MW, growing to 545 MW, a total delivery of 2.7 TWh is estimated during the two year contract period. This equates to approximately £160m based on the current forward price for UK electricity.

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