Northland Power has announced the signing of a five-year bilateral Power Purchase Agreement ('PPA') with Shell Energy Europe for approximately one-third of the production from its 332 megawatt Nordsee One offshore wind farm.
Nordsee One is located in the North Sea, in the German Exclusive Economic Zone and was commissioned in December 2017. Northland has an 85% ownership interest in Nordsee One, with the remaining 15% held by RWE Offshore Wind GmbH.
The facility is currently operating under the German Renewable Energy Sources Act regime, which is scheduled to step down in 2027. The PPA, secured through a structured tendering process, starts in June 2027 for a five-year term for the supply of electricity to Shell.
'We are proud to supply Shell with power that advances their energy transition goals,' said Christine Healy, President and CEO. 'Our Nordsee One offshore wind facility is producing renewable electricity for Europe, and we are leveraging that strength to continue delivering value from our portfolio.'
Source: Northland Power
