Good Energy Group PLC Renewal of offshore wind deal with Ørsted
March 17 2020 - 3:36AM
RNS Non-Regulatory
TIDMGOOD
Good Energy Group PLC
17 March 2020
Good Energy Group PLC
Good Energy renews offshore wind deal with Ørsted
Good Energy Group PLC, the 100% renewable electricity supplier
and innovative energy services provider, today announces the
renewal of an agreement with Ørsted to source offshore wind power
for its customers for a further three years.
The agreement between Ørsted and Good Energy continues to secure
12% of the output of the 210MW Westermost Rough Wind Farm, located
in the North Sea 8km off the Yorkshire coast and operated from
Ørsted's base in Grimsby. This represents enough renewable
electricity to power more than 36,200 average homes. Under the
agreement Good Energy can also increase the offtake in Years 2
& 3 to 17% and 28% respectively. Westermost Rough is owned by
Ørsted, the Green Investment Group (GIG) and a consortium
comprising GIG, Macquarie European Infrastructure Fund 5 (MEIF5)
and the Universities Superannuation Scheme (USS).
The renewal of terms for a further three years, is the largest
in Good Energy history and reflects the success of the ongoing
relationship between Good Energy and Ørsted as part of a wider
programme to explore opportunities for further cooperation over
time.
Juliet Davenport, Founder and CEO of Good Energy said:
"Offshore wind is a huge British success story and we are proud
to play a part in that. Building on our partnership with Ørsted
allows us to continue to build on our ambition to transition to a
100% renewable energy system, empowering more customers to use
clean power and ultimately tackle climate change."
Enquiries:
Good Energy Group PLC Via Walbrook PR
Juliet Davenport, Chief Executive
Charles Parry, Investor Relations
Luke Bigwood, Communications
Investec Bank plc (Nominated Tel: +44 (0) 20 7597 5970
Adviser)
Jeremy Ellis
Sara Hale
Walbrook (Financial PR) goodenergy@walbrookpr.com
Nick Rome Tel: +44 (0) 20 7933 8783
Tom Cooper
About Good Energy www.goodenergy.co.uk
Good Energy is a generator and supplier of 100% renewable power
and an innovator in energy services. It currently owns two wind
farms, six solar farms and sources electricity from a community of
1,500 independent UK generators.
Since it was founded 20 years ago, the company has been at the
forefront of the charge towards a cleaner, distributed energy
system. Its mission is to support UK households and businesses
generate, store and share clean power.
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END
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