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Renewal of offshore wind deal with Ørsted

17 Mar 2020 08:36

RNS Number : 4236G
Good Energy Group PLC
17 March 2020
 

Good Energy Group PLC

 

Good Energy renews offshore wind deal with Ørsted

 

Good Energy Group PLC, the 100% renewable electricity supplier and innovative energy services provider, today announces the renewal of an agreement with Ørsted to source offshore wind power for its customers for a further three years.

 

The agreement between Ørsted and Good Energy continues to secure 12% of the output of the 210MW Westermost Rough Wind Farm, located in the North Sea 8km off the Yorkshire coast and operated from Ørsted's base in Grimsby. This represents enough renewable electricity to power more than 36,200 average homes. Under the agreement Good Energy can also increase the offtake in Years 2 & 3 to 17% and 28% respectively. Westermost Rough is owned by Ørsted, the Green Investment Group (GIG) and a consortium comprising GIG, Macquarie European Infrastructure Fund 5 (MEIF5) and the Universities Superannuation Scheme (USS).

 

The renewal of terms for a further three years, is the largest in Good Energy history and reflects the success of the ongoing relationship between Good Energy and Ørsted as part of a wider programme to explore opportunities for further cooperation over time. 

 

Juliet Davenport, Founder and CEO of Good Energy said:

 

"Offshore wind is a huge British success story and we are proud to play a part in that. Building on our partnership with Ørsted allows us to continue to build on our ambition to transition to a 100% renewable energy system, empowering more customers to use clean power and ultimately tackle climate change."

 

 

Enquiries:

Good Energy Group PLC

Juliet Davenport, Chief Executive

Charles Parry, Investor Relations

Luke Bigwood, Communications

 

Via Walbrook PR

Investec Bank plc (Nominated Adviser)

Jeremy Ellis

Sara Hale

 

Tel: +44 (0) 20 7597 5970

 

 

Walbrook (Financial PR)

Nick Rome

Tom Cooper 

goodenergy@walbrookpr.com

Tel: +44 (0) 20 7933 8783

 

 

About Good Energy www.goodenergy.co.uk

 

Good Energy is a generator and supplier of 100% renewable power and an innovator in energy services. It currently owns two wind farms, six solar farms and sources electricity from a community of 1,500 independent UK generators.

 

Since it was founded 20 years ago, the company has been at the forefront of the charge towards a cleaner, distributed energy system. Its mission is to support UK households and businesses generate, store and share clean power.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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Date   Source Headline
2nd Aug 20217:53 amGNWForm 8.5 (EPT/RI) - Good Energy Group plc
2nd Aug 20217:24 amRNSForm 8.5 (EPT/RI)
30th Jul 20218:17 amGNWForm 8.5 (EPT/RI) - Good Energy Group plc
30th Jul 20218:17 amGNWForm 8.5 (EPT/RI) - Good Energy Group plc
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27th Jul 20217:35 amRNSForm 8.5 (EPT/RI)
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26th Jul 20217:24 amRNSForm 8.5 (EPT/RI)
23rd Jul 20218:49 amRNSForm 8.5 (EPT/RI)
23rd Jul 20217:00 amRNSPublic Opening Position Disclosure
23rd Jul 20216:53 amGNWForm 8.5 (EPT/RI) - Good Energy Group plc
22nd Jul 20213:58 pmRNSForm 8.3 - GOOD ENERGY GROUP PLC
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22nd Jul 20212:34 pmGNWForm 8.3 - Good Energy Group Plc
22nd Jul 20219:25 amGNWForm 8.5 (EPT/RI) - Good Energy Group plc
22nd Jul 20217:00 amRNSCash Offer for Good Energy Group PLC
21st Jul 20217:38 amGNWForm 8.5 (EPT/RI) - Good Energy Group plc
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16th Jul 20217:00 amRNSNew electric vehicle time of use tariff launched
15th Jul 202110:57 amPRNForm 8.3 - Good Energy Group plc
15th Jul 20217:13 amGNWForm 8.5 (EPT/RI) - Good Energy Group plc
15th Jul 20217:02 amRNSForm 8.5 (EPT/RI)
14th Jul 202112:35 pmRNSForm 8 (OPD) - Good Energy Group plc
14th Jul 20218:48 amGNWForm 8.5 (EPT/RI) - Good Energy Group plc
14th Jul 20217:18 amRNSForm 8.5 (EPT/RI)
14th Jul 20217:00 amRNSFurther statement re rejection of possible offer
13th Jul 202112:03 pmRNSForm 8.3 - Good Energy Group plc
13th Jul 20217:49 amGNWForm 8.5 (EPT/RI) - Good Energy Group Plc
13th Jul 20217:38 amRNSForm 8.5 (EPT/RI)
12th Jul 202111:00 amRNSStatement re rejection of possible offer
12th Jul 20217:00 amRNSPossible offer for Good Energy Group PLC
30th Jun 20214:22 pmRNSResult of AGM
22nd Jun 20217:00 amRNSTrading update & pre-AGM investor event
11th Jun 20217:00 amRNSZap-Map: Apple CarPlay part of new product launch
4th Jun 20217:00 amRNSNotice of AGM and pre-AGM investor event
25th May 20217:00 amRNSSignificant repayment of second Good Energy Bond
4th May 20217:00 amRNSPublication of Annual Report
20th Apr 20217:00 amRNSShare Option Grant
13th Apr 20217:00 amRNSUn-audited Results for 12 months ended 31 Dec 2020

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