Supplier Evolve Energy, which facilitates access to renewable energy for industrial and commercial (I&C) businesses, has entered into a long-term power purchase agreement (PPA) with Shell Energy Europe Limited for electricity generated by the Race Bank offshore wind farm, with which Shell Energy Europe has an offtake agreement.
The deal extends to 2035 and will total over 1TWh over its lifetime.
Evolve Energy said it was its largest offtake of offshore wind power generation to date and reflects growing demand from businesses for renewable electricity from reliable sources. Race Bank, one of the UK’s prominent offshore wind farms at 573MW installed capacity, is in the North Sea approximately 17 miles from the North Norfolk and Lincolnshire coast.
Evolve Energy will supply the offshore wind generated electricity to over 80 different I&C customers through a renewable basket model, which aggregates demand from multiple organisations.
James Hall, Chief Operating Officer at Evolve Energy, said: “This agreement marks an important step in the evolution of our customer empowerment strategy. Securing long-term access to offshore wind at this scale enables us to support UK businesses that now require renewable electricity solutions with genuine credibility and longevity. It strengthens our ability to connect large-scale renewable generation with customers that are serious about decarbonisation, resilience and long-term energy planning.”