Danske Commodities buys floating wind power

25 July 2019

Danske Commodities, an energy trading company owned by Equinor, has signed a Power Purchase Agreement to buy all the power produced by floating wind farm Hywind. The first floating wind farm, Hywind is located 29km off Peterhead in Scotland and has a capacity of 30MW, and supplies power to around around 20,000 households. Equinor owns 75% of the farm with Masdar holding the remainder.

“Floating wind farms hold great potential as close to 80% of the ocean’s resource potential is in deep waters. And looking ahead, floating offshore wind is estimated to constitute 10% of the market, potentially powering 12 million homes by 2030,” said Jens Økland, equinor senior vice-president, business development, New Energy Solutions.

Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.