Good Energy Group PLC Good Energy Group PLC deal with DONG Energy
March 21 2017 - 2:02AM
RNS Non-Regulatory
TIDMGOOD
Good Energy Group PLC
21 March 2017
Good Energy Group PLC
("Good Energy" or the "Company")
Good Energy Group PLC brings offshore wind to energy mix for
first time through deal with DONG Energy
Good Energy Group PLC ("Good Energy" or "the Group") is pleased
to announce it has signed an agreement with DONG Energy which will
see the AIM-quoted renewable electricity supplier and generator
source offshore wind power for its customers for the first
time.
The deal secures 12% of the output of the 210MW Westermost Rough
Wind Farm operated by the Danish energy group in the North Sea,
enough renewable electricity to power more than 26,000 average
homes.
The agreement is for an initial period of 12 months but is
likely to be extended for the longer term as part of the wider
co-operation between the two companies. It is also intended that
the volume of power purchased by Good Energy from DONG will
increase over time.
Juliet Davenport OBE, founder and chief executive of Good
Energy, said: 'We're delighted to be working with DONG Energy to
bring offshore wind power to our customers for the first time.
'This agreement will help us meet ever-increasing demand for
100% renewable electricity as our customer base continues to
grow.
She added: 'Offshore wind is a huge British success story and so
we're pleased to be playing our part by buying power from
Westermost Rough.
'Offshore wind will complement the other renewable technologies
in our energy mix, such as onshore wind and solar, so this
agreement is a great fit for Good Energy and a good deal for our
customers.
'DONG Energy is a world leader in offshore wind who shares our
passion for innovation in renewable energy, so we're really looking
forward to working together to build on this initial
agreement.'
Søren Scherfig, Head of Trading & Portfolio Management at
DONG Energy, commented: 'We have an ambition to support the energy
transformation in UK and become one of the UK's leading energy
suppliers to industrial & commercial customers and independent
retailers. We want to supply sustainable, reliable and affordable
energy to our customers.'
'This agreement with Good Energy is an important milestone as
it's the first time a domestic supplier in the UK will buy energy
from a specific DONG Energy offshore wind farm'.
[ends]
Enquiries:
Good Energy Group PLC Tel. +44 (0)1249
Juliet Davenport, Chief Executive 766795
Denise Cockrem, Chief Financial
Officer
Arden Partners plc (Nominated Tel: +44 (0) 12
Adviser and Joint Broker) 1423 8900
Steve Douglas, Patrick Caulfield
Camarco (Financial PR Adviser)
Geoffrey Pelham-Lane, Billy Tel: +44 (0) 20
Clegg, Georgia Edmonds 3757 4980
Investec Bank plc (Joint Broker) Tel: +44 (0) 20
Jeremy Ellis 7597 4000
Sara Hale
Good Energy Press Office
Luke Bigwood Tel: +44 (0) 1249
478358
Notes to editors:
-- Good Energy is a fast growing 100% renewable electricity
supply and generation company, offering award-winning customer
service.
-- An AIM-listed PLC, and founder member of the Social Stock
Exchange, its mission is to support change in the energy market,
address climate change and boost energy security.
-- The Company has been awarded 4 out of 5 stars by Which? for
customer service in 2016 and 2017 and has been voted the best
energy company for customer service by users of
MoneySavingExpert.com for three consecutive polls.
-- As at 31 December 2016 Good Energy has 71,486 renewable
electricity customers and 44,107 carbon neutral gas customers. It
also provides Feed-in Tariff administration services to 133,012
sites, totalling 248,605.
-- Good Energy is the owner of Delabole Wind Farm, the UK's
first commercial wind farm and owns and operates Hampole Wind Farm,
near Doncaster. The company also owns and operates seven solar
farms.
-- Good Energy received an average customer advocacy of 45. A
net promoter score is an index ranging from -100 to 100 that
measures the willingness of customers to recommend a company's
products or services to others. It is used as a proxy for gauging
the customers overall satisfaction with a company's product or
service and the customer's loyalty to the brand.
-- Good Energy has won a number of awards including Renewable
Energy Association Company of the Year Award 2016, Business Green
Company of the Year 2015, and, was named Social Impact Company of
the Year at the 2014 and 2015 Small Cap awards.
-- Westermost Rough Wind Farm, situated five miles off the
Yorkshire Coast north of Hull, consists of 35 Siemens 6MW turbines,
each with a tip height from sea level of 177 metres.
-- 12% of the annual output of Westermost Rough equates to 105
GWh, enough to power 26,663 average homes, based on average UK
household electricity consumption of 3,938kWh (Energy Consumption
in the UK, 2016).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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