Danske Commodities signs biggest ever renewables deal for gigascale offshore wind
Danske Commodities says offtake agreement for twin Polish projects is its biggest ever in green power
Energy trading company Danske Commodities has signed balancing deals providing full offtake for the 720MW Baltyk 2 and 720MW Baltyk 3 offshore wind projects in the Polish sector of the Baltic Sea.
The Danish firm will be responsible for trading and balancing the power produced from both wind farms for the Polish electricity markets.
Both projects are owned by Polish private energy group Polenergia (50%) and Norwegian oil major Equinor (50%). Both are expected to enter into commercial operation in 2028 and — with a combined capacity of more than 1.4GW — to provide clean energy to up to two million Polish households.
“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 CEO Helle Østergaard Kristiansen.
“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 ’s third solar park in Poland and said that the agreements signed for Bałtyk 2 and Bałtyk 3 showed that the firm is expanding its Polish portfolio with offshore wind.
Danske Commodities currently manages a contract portfolio of 12 GW power across Europe.
“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.
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