Northland Power signs 5-year PPA for Nordsee One output

Executive Summary

• Northland Power Inc. has entered into a five-year bilateral power purchase agreement (PPA) with Shell Energy Europe Ltd. for approximately one-third of the production from its Nordsee One offshore wind farm.
• The agreement covers electricity supply starting in June 2027, following the expiration of the facility's current operating regime under the German Renewable Energy Sources Act.
• Northland holds an 85% ownership interest in the 332 MW Nordsee One facility, located in the German Exclusive Economic Zone.

Key Details

• Counterparty: Shell Energy Europe Ltd.
• Asset: Nordsee One offshore wind farm (332 MW capacity).
• Ownership Structure: Northland Power Inc. holds 85%; RWE Offshore Wind GmbH holds 15%.
• Agreement Term: Five years, commencing in June 2027.
• Volume: Approximately one-third of the production from the Nordsee One facility.
• Current Regulatory Status: The facility is currently operating under the German Renewable Energy Sources Act regime, which is scheduled to step down in 2027.
• Procurement Method: Secured through a structured tendering process.

Notable Quotes

• "We are proud to supply Shell with power that advances their energy transition goals," said Christine Healy, president and chief executive officer. "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."