Better Energy to delay 3 GW of Danish PV projects amid negative prices
Sep 19, 2024 11:14 CESTEnergy trader Danske Commodities A/S will be the electricity optimisation partner for the Kassø Power-to-X facility in southern Denmark, which is developed by European Energy A/S, the parties said in an announcement released today.
The facility, which will become the world’s largest commercial Power-to-X installation when it starts operations later this year, along with the co-located 304-MW Kasso solar farm, are owned by European Energy with a 51% stake and Japanese trading and investment company Mitsui & Co with 49%.
The role of Danske Commodities, which is a subsidiary of Equinor, will be to provide electricity balancing and optimisation of the Power-to-X facility. When the solar farm generates more power than needed, the surplus will be offered to other consumers, and when the solar power is not enough, the required electricity will be purchased in the spot market in the most cost-efficient hours. Danske Commodities has been the balance responsible party for the solar farm since 2022.
“Partnering with Danske Commodities allows us to leverage their expertise in energy trading to ensure that the Kasso facility operates at maximum efficiency when it comes online later this year,” said European Energy CEO Knud Erik Andersen.
The Kasso Power-to-X facility will have an electrolyser capacity of 52 MW and will produce 32,000 tonnes of e-methanol a year, which will be supplied to offtakes including shipping giant Maersk.
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