Axpo markets Global Tech I power

In: Windfarms
Axpo's German subsidiary has been made responsible for the overall marketing of the power produced at the Global Tech I wind farm in the North Sea. Axpo Deutschland was awarded the contract at the end of 2019 and started its work at the beginning of 2020.

Previously, the Axpo subsidiary was marketing nearly one fourth of power produced for the German market. This corresponded to Axpo's share in the wind farm with an installed capacity of 400 MW, in which Switzerland's largest producer of electricity from renewable energies holds an interest of 24.1%.

Global Tech I is one of the first offshore wind farms which to be built in the German North Sea. The roughly 41km2 array is located approximately 140km northwest of Emden in the German Exclusive Economic Zone. It is comprised of 80 AD 5-116 turbines, each with a capacity of 5 MW, mounted on tripod foundations. The project has an installed total capacity of 400 MW and provides power for up to 445,000 households annually. It was officially put into commission late summer 2015. The project achieved an annual utilisation rate of 42.8% in 2019. The CO2 reduction amounts to 800,000 tonnes per year in comparison to conventional coal-fired power plants.

Johannes Pretel, Co-Head Origination Axpo Deutschland, commented: "Axpo Deutschland was involved at GT I from the start as a marketer and was able to gain valuable experience in the direct marketing of offshore wind power over the years. The wind farm has steadily increased its performance over time. When the option to market all the GT I power came up, of course, we seized the opportunity. We are pleased that we were awarded the contract."

By marketing the entire volume of electricity from the
Global Tech I offshore wind farm, Axpo Deutschland is preparing for the demand for corporate power purchase agreements. As in many other European markets, Axpo is also planning to develop its business in Germany as a broker between renewable energy producers and consumers.

For more information on offshore wind farms worldwide, click here.

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