Equinor has secured a power purchase agreement (PPA) for its 30MW Hywind floating wind farm, located 30km off the coast of Peterhead. The company said the deal is the first ever PPA transacted for a floating offshore wind farm.
Danske Commodities, which was acquired by Equinor in 2018, will take over balancing and trading of Hywind’s total volume.
Equinor Senior Vice President, Business Development, New Energy Solutions Jens Økland said: “Floating wind farms hold great potential as close to 80% of the ocean’s resource potential is in deep waters.”
He continued: “Looking ahead, floating offshore wind is estimated to constitute 10% of the market, potentially powering 12 million homes by 2030.”