Nordsee One Offshore Wind Farm Signs A 5-Year PPA With Shell

Executive Summary

• Northland Power signed a five‑year bilateral PPA with Shell Energy Europe for roughly one‑third of the output from its 332 MW Nordsee One offshore wind farm.
• The agreement will commence in June 2027 and runs for five years, providing a stable off‑take of electricity to support Shell’s energy transition goals.
• Nordsee One is owned 85 % by Northland (15 % by RWE Offshore Wind) and is currently operating under Germany’s Renewable Energy Sources Act, which phases out in 2027.

Key Details

• PPA Counterparties: Northland Power Inc. and Shell Energy Europe Ltd.
• Asset Covered: Nordsee One offshore wind farm (332 MW capacity), located in the German Exclusive Economic Zone of the North Sea.
• Ownership Structure: Northland – 85 %; RWE Offshore Wind GmbH – 15 %.
• Contract Term: Five‑year agreement, starting June 2027 and ending June 2032.
• Volume Covered: Approximately one‑third of Nordsee One’s expected electricity production (≈110 MW average output).
• Purpose: Supply renewable electricity to Shell to advance its energy transition objectives.
• Regulatory Context: Facility currently under the German Renewable Energy Sources Act; the regime is scheduled to step down in 2027, after which the PPA will become a primary revenue source.
• CEO Quote: “We are proud to supply Shell with power that advances their energy transition goals… leveraging that strength to continue delivering value from our portfolio.” – Christine Healy, President and CEO.

Notable Quotes

“We are proud to supply Shell with power that advances their energy transition goals,” said Christine Healy, President and CEO. “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.”