Shell Energy Europe secures power offtake from dutch offshore wind farm
Dec 16, 2016
Shell Energy Europe Ltd., a major integrated energy marketing and trading company in Europe, has entered into an offtake agreement for 100% of the power generated from Offshore Wind Farm Egmond aan Zee (“OWEZ”) – the Netherlands’ first large-scale offshore wind farm off the Dutch North Sea coast. Shell Energy Europe will supply the power generated from the wind farm to industrial and commercial customers in Europe seeking to meet their business needs with renewable energy.
“This agreement allows us to develop our expertise in wind management as well as establish Shell Energy Europe as an active participant in the renewable electricity market in Europe,” Jonathan McCloy, General Manager North West Europe for Shell Energy Europe, said. “Our experience and growth in power trading and power asset management enables us to maximize the value of an asset and optimize the supply and offtake of generation plants.”
OWEZ began operations in 2006. OWEZ is operated by NoordzeeWind, a 50/50 joint venture between Nuon (part of Vattenfall) and Shell.
The deal is in line with Shell’s intent to build its capability in certain areas relating to new energies, as set out in Shell’s Capital Markets Day presentation in June.
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