Danske Commodities, WPD sign 9.6 MW wind PPA in Croatia
Date: December 16th 2021
Author: Tanja Srnovršnik
Category: En.vision
Topic:
Electricity
, Renewables
Danish energy trader Danske Commodities has signed a fixed-price power purchase agreement (PPA) with energy project developer and operator WPD to manage the trading and balancing of its 9.6 MW Orlice wind farm in Croatia.
Orlice is an onshore wind farm located near the city of Sibenik in central Dalmatia and supplies more than 5,000 households with about 25 GWh of power annually.WPD built the Orlice wind farm in 2009 and has now signed its first agreement with a commercial offtaker, as the original feed-in tariff agreement with the Croatian state market operator Hrote has expired, Danske Commodities said in a press release on Thursday.
Mads Schmidt Christensen, who heads communications at the Danish trader, told Energetika.NET that they had agreed with WPD not to disclose the duration and financial terms of the PPA signed in Croatia.
Danske Commodities decided to sign its first commercial PPA in Croatia because that country has been increasing its green ambitions, “which means even more renewable energy will be needed,” said Tor Mosegaard, head of European power trading at Danske Commodities.
At the COP26 climate change conference in November, Croatia’s prime minister Andrej Plenkovic announced that Croatia intends to lower carbon emissions by 45% by 2030 and to abandon the use of coal by 2033. The country is targeting a 39% share of renewables in its final energy consumption by 2030.
Croatia aims to do this by implementing a new renewables support scheme which envisages auctions for premiums.
Consequently, Danske Commodities intends “to expand the development of renewables by strengthening the investment climate for future energy projects – and to set a standard for more deals to be made across the Balkan region,” added Mosegaard.
Swiss risk management and PPA specialist Pexapark said on Wednesday that the number of European PPAs has surpassed its growth forecasts and is on track to exceed 10 GW in 2021. However, most of these deals are still centred in more developed, western European markets.
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