Power purchase agreements (PPA) have become increasingly important for renewable energy developers and customers to guarantee the security of income and electricity. One of the most popular forms of PPAs is corporate, which offers a long-term energy solution to major organizations and allows them to reduce their greenhouse gas emissions. Numerous large-scale PPAs have been completed in Denmark including companies such as Telenor, Telia, Meta, and Google. In this article, we will discuss some of the largest developers based in Denmark which are offering PPAs.
1) Ørsted – Leading European renewable energy developer based in Denmark
Ørsted has undergone a radical transformation from being largely dependent on coal-intensive energy to one of the leading global renewable energy developers. Ørsted has amassed an enormous portfolio, to date, the group has developed 7.6GW of offshore wind alone with a further 11.8GW under construction or awarded. Over the last 10 years, Ørsted has developed over 12GW of renewable energy with plans to triple this number by 2030. Ørsted signed its first PPA in 2019 and has negotiated contracts with some of the largest companies in the world such as Google, Nestle, Amazon, Microsoft, and Pepsi. In December 2022, the group announced a 12-year PPA with Stryker and will supply 37MW of energy from their Sunflower Wind project in Kansas.
2) Obton – Solar developer based in Aarhus
Obton has over 12 years of experience developing solar projects and has developed 1400 projects to date. The Danish group has an installed capacity of 1.7GW spread across various European countries as well as Canada. In February 2022, the group announced a PPA with Axpo, a Swiss renewable energy developer. The 10-year PPA represents the first deal Obton has completed in Germany for the 11MW Klatzow solar project.
3) European Energy – Leading European renewable energy developer based in Søborg
Founded in 2004, European Energy has become one of the leading developers of renewable energy and has established offices across 15 different locations. The Danish group develops wind, solar, hydrogen, biomass, and storage projects. The Danish developer’s current project pipeline is at over 34.3GW, placing it amongst the leading developers of renewable energy in Europe. In April 2021, European Energy announced the largest PPA at the time thanks to a 3.8TWh deal spread over 10 years with Eesti Energia.
Image Source: Thomas Reaubourg via Unsplash (09.02.23)