Octopus Energy signs energy deal from world’s largest wind farm
Octopus Energy Group has signed a Power Purchase Agreement (PPA) with Shell Energy Europe to receive energy generated by the Dogger Bank offshore wind farm project.
Dogger Bank, currently under construction off the North East coast of England, is a joint venture between SSE Renewables, Equinor and Vårgrønn. Once completed, it will be the world’s largest wind farm, generating 3.6GW of green energy, enough to power roughly 6 million homes a year.
Shell Energy Europe, which has signed agreements to offtake 20% of the energy produced by Dogger Bank, will supply Octopus Energy with up to 2.4TWh of wind energy each year from Dogger Bank once it is fully operational. This will be enough energy to power around 24% of Octopus’ current customer base, or around 800,000 households.
Each turbine blade used in the Dogger Bank development is 107m long – which is about the length of a football pitch.
Octopus Energy is increasingly redefining what it means to be a green energy supplier. The company is one of Europe’s largest renewables investors, managing green energy assets worth over £5bn, with solar farms and onshore and offshore wind across 11 countries. It has also enabled its customers to be the first in the world to help the grid manage flexibility during times of potential blackouts.
Matt Bunney, Head of Energy at Octopus Energy Group, comments, “If the energy crisis has taught us anything it is that we need to move fast to an energy system based on cheap renewables – and Dogger Bank will help to get us there.
“We already manage renewable energy assets worth over £5bn, and I’m delighted that our team managed to secure a long-term contract under Shell’s PPA on top of this, bringing 2.4TWh of green energy straight into our customers’ homes.”
Shell Energy Europe provides business customers with innovative, reliable and cleaner energy solutions and is delighted to be able to supply Octopus with renewable energy to help to progress the UK’s transition to a low-carbon future. Power is a growth priority for Shell and it is proud to support the development of one of the most ambitious renewable power projects around the world.
