The three-year deal worth up to £50 million (approximately $60 million) with Ørsted sees Good Energy secure enough offshore wind power for 36,000 homes from a 210MW wind farm in the North Sea.
Clean power company Good Energy has renewed a deal with Danish offshore wind energy giant Ørsted. The agreement means 12% of the output of Ørsted’s Westermost Rough Wind Farm, located five miles off the Yorkshire coast, will be used to power Good Energy customers’ homes and businesses.
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Good Energy has over 1500 contracts with renewable generators, ensuring that 100% of its customers’ usage is matched with genuine clean power. The new agreement, announced as Good Energy publishes its annual financial results for 2019, constitutes the most significant in the company’s history, securing enough power for over 36,000 average homes.
The renewed deal is for three years and provides Good Energy with the ability to increase the percentage offtake from 12 per cent in year one to 17 and 28 in years two and three respectively. Building on the success of Good Energy and Ørsted’s partnership, which began in 2017, it provides security for Good Energy’s customer growth. The company’s business customer volume has more than doubled in the last three years and has stated its ambition to replicate this within the domestic market.
Juliet Davenport, CEO and founder, 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.”
Kyle Worthington, Head of Power Origination at Ørsted said: “We continue to enjoy collaborating with Good Energy and this extension to our cooperation is testament to that. Together, we share ambitions to create a green and climate-friendly energy system. It is great to see them raising the standard for what it means to be a 100% renewable energy supplier and we are happy to partner with them on this journey.”
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