Evolve Energy, a licensed energy supplier pioneering supply solutions that facilitate direct 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 to secure electricity generated by the Race Bank offshore wind farm located in the North Sea with which Shell Energy Europe has an offtake agreement. The deal extends until 2035 and will supply around 112GWh of renewable electricity per year, totalling over one terawatt-hour (TWh) over the lifetime of the agreement.

The agreement represents Evolve Energy’s largest offtake of offshore wind power generation to date and reflects growing demand from businesses for authentic renewable electricity from reliable sources. Race Bank, one of the UK’s prominent offshore wind farms at 573MW installed capacity, is located 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. The approach aggregates demand from multiple organisations, allowing businesses to directly access renewable energy of differing technologies through a single commercial framework solving the accessibility challenges many organisations face when seeking to acquire renewable energy.

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.”

KeyFacts Energy: Renewable Energy news   l   KeyFacts Energy: Wind Energy