Equinor strikes Hywind power purchase agreement

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 ├śkland 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.”

Offshore Wind

Pixie Energy

Pixie logo Pixie Energy is an incubator and a facilitator of strategic research and project work, focusing on energy regulation, policy and markets at the local and national level. Find out more about Pixie Energy here.

Local Energy Matters: Scotland

Local Energy Matters: Scotland is a free-to-download brochure with a focus on energy tariffs in the two Scottish electricity distribution regions, as well news on local energy and low-carbon schemes.

Previous editions can be download here.

Scottish energy market overview

You can read an overview of the Scottish energy market here.

Scottish Government energy feed