Danske Commodities takes over trading of 281 MW in UK’s Dudgeon wind farm

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LONDON, July 16 (Reuters) –

* Danish energy trading company Danske Commodities has signed a 15-year power purchase agreement (PPA) with British offshore wind farm Dudgeon, making this the company’s fourth long-term PPA in the country’s market

* Danske Commodities will take over balancing and trading of 281 megawatts (MW), equivalent to 70% of the wind farm’s production

* Equinor and Masdar own 35% of Dudgeon each, with China Resources owning the remaining 30%

* Equinor bought Danske Commodities in 2018 for 400 million euros ($450.16 million)

* Danske Commodities now has more than 1,300 MW of renewable assets under management in Britain and trades power in 38 countries.

* In June, Danske Commodities signed a 20-year PPA with Hywind Scotland wind farm and earlier this month, a 15-year PPA with Sheringham Shoal wind farm was announced. ($1 = 0.8886 euros) (Reporting by Lefteris Karagiannopoulos, editing by Louise Heavens)

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