Wedoany.com Report-Nov. 23, Northland Power has signed a five-year power purchase agreement with Shell Energy Europe for approximately one-third of the electricity generated by the 332 MW Nordsee One offshore wind farm in the German North Sea.

The wind farm is powered by 54 turbines.

Located across 41.3 km² in Germany’s exclusive economic zone and commissioned in December 2017, Nordsee One is equipped with 54 turbines and produces sufficient clean electricity each year to supply more than 400,000 households.

Northland Power owns 85 percent of the project, with RWE Offshore Wind holding the remaining 15 percent.

The wind farm currently receives support under Germany’s Renewable Energy Sources Act, which will phase out in 2027. The new agreement with Shell ensures continued offtake of renewable power from the facility for five years, aligning with Shell’s energy transition objectives.

Northland Power President and CEO Christine Healy stated: “We are proud to supply Shell with power that advances their energy transition goals. Our Nordsee One offshore wind facility is producing renewable electricity for Europe, and we are leveraging that strength to continue delivering value from our portfolio.”

Headquartered in Toronto, Canada, Northland Power operates offices in seven countries and maintains 3.5 GW of gross operating capacity, 2.2 GW under construction, and a development pipeline of approximately 9 GW.

The agreement demonstrates the growing role of corporate power purchase agreements in securing revenue for mature offshore wind assets as initial regulatory support periods conclude.

Earlier this year, Northland Power and joint-venture partner Orlen Group began construction of the Baltic Power offshore wind farm in the Baltic Sea with the installation of monopile foundations. The transaction with Shell further strengthens Northland’s position as a leading independent renewable power producer in Europe.