OVO Energy and Ørsted sign major power purchase agreement
London, 8 April 2021 - OVO Energy, the UK’s leading independent energy supplier, today announces it has entered into a Power Purchase Agreement with Ørsted to buy green power from the offshore Barrow Wind Farm.
From today, OVO Energy will purchase 100% of the power from the 90MW capacity Barrow Offshore Wind Farm. By the end of 2021 OVO Energy is aiming to increase the amount of renewable electricity backed by UK renewable electricity generation to almost 40%.
To find out more about OVO Energy and Barrow Wind Farm find our blog here.
Ben Blake, CEO of OVO Energy said: “We’re proud to work with Ørsted on a major power purchase agreement. In the future, we’re committed to exploring how we can source more energy from renewable generation here in the UK, supporting the industry and helping to drive down costs.”
Kyle Worthington, Head of Power Origination at Ørsted said: “We’re delighted to begin this relationship with OVO Energy and help the UK move towards a greener, more climate-friendly energy system. It is great to see major suppliers like OVO committing to increase the amount of electricity they are sourcing from renewable generators and we are very happy to help them on this journey.”
”It’s great to see our well-established assets such as Barrow offshore wind farm continuing to provide value to new customers. This agreement underlines the value of our investment during the last decade and of Ørsted’s world-class Operations & Maintenance and Asset Management teams, keeping more mature assets productive and efficient for the foreseeable future” said Hugh Yendole, Director of Barrow Offshore Wind.
Notes to Editors
In October 2020 OVO announced its move to 100% renewable electricity and planting a tree on behalf of every member for every year they're with us. You can read the blog here. In October 2019 OVO invested in Renewable Exchange - a digital PPA platform for renewable generators that is making the PPA marketplace less complex and more cost-efficient.
OVO Energy was founded in 2009 and redesigned the energy experience to be fair, effortless, green and simple for all customers. The company has spent the last 10 years investing in the market leading technology, customer service operations and digital products to help members cut their carbon emissions. OVO is on a mission through its strategy Plan Zero to tackle the most important issue of our time; the climate crisis, by bringing our customers with us on the journey towards zero carbon living. OVO Energy has committed to being a net zero carbon business and achieve bold science-based carbon reduction targets by 2030, while helping members halve their carbon footprint at the same time.
The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs and operates offshore and onshore wind farms, solar farms, energy storage facilities, and bioenergy plants, and provides energy products to its customers. Ørsted ranks #1 in Corporate Knights' 2020 index of the Global 100 most sustainable energy companies in the world and is recognised on the CDP Climate Change A List as a global leader on climate action. Headquartered in Denmark, Ørsted employs 6,600 people. Visit orsted.co.uk or follow us on Facebook, LinkedIn, Instagram and Twitter.