Danske Commodities Inks 1.4GW Baltyk Deal

Wedoany.com Report-Nov 26,Danske Commodities has signed balancing agreements for the 720MW Baltyk 2 and 720MW Baltyk 3 Polish offshore wind projects.

The Energy trading outfit will offtake 100% of the arrays, totalling 1.4GW, making this the biggest renewables deal in the company’s history.

Under the agreement, Danske Commodities will be responsible for trading and balancing the power produced from the wind farms in the Polish wholesale and balancing electricity market. Once operational, the two offshore arrays will have a combined capacity of 1.4GW and help supply two million Polish households with clean energy from the Baltic Sea.

Both projects are owned by Polish private energy group Polenergia (50%) and developer Equinor (50%).

“We are proud to announce the biggest renewables deal in company history as Danske Commodities is set to trade and balance 1.4GW from Baltyk 2 and Baltyk 3,” said Danske Commodities chief executive Helle Østergaard Kristiansen (pictured).

“With almost 15 years of power trading experience from the Polish market, Poland is now emerging as a core renewables market for us, and we look forward to continuing growing our asset portfolio.”

Earlier this year, Danske Commodities signed a balancing agreement for Lipno, Equinor Group’s third solar park in Poland, adding to its growing renewables portfolio in the region.

Now, with deals signed for Baltyk 2 and Baltyk 3, the company said it is expanding the Polish portfolio with offshore wind.

The expansion supports the strategic ambitions of parent company Equinor, which aims to support the energy transition by building a broad energy offering in Poland, including both onshore and offshore renewables, it added.

“With the build-out of renewables in Poland, Danske Commodities is ready to support Equinor and third-party energy producers by creating value uplift from power trading,” said Østergaard Kristiansen.

Danske Commodities currently manages a contract portfolio of 12GW across Europe.