Ørsted Signs Seven-Year PPA with Gode Wind 1 Owners

Ørsted has entered into a seven-year power purchase agreement with the owners of the Gode Wind 1 offshore wind farm, securing a fixed-price electricity supply.

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Ørsted has signed a power purchase agreement (PPA) with the owners of the Gode Wind 1 offshore wind farm, according to a statement released on July 10, 2026. The agreement covers a period of seven years, during which Ørsted will purchase electricity generated by the wind farm at a fixed price. This long-term deal provides revenue certainty for the wind farm operators and supports Ørsted's strategy to secure stable renewable energy supply. Financial terms of the agreement were not disclosed.

The PPA is part of Ørsted's broader portfolio of corporate PPAs, which help to accelerate the transition to renewable energy. The deal underscores the growing trend of corporate PPAs in the offshore wind sector, as companies seek to lock in low-carbon electricity prices. Ørsted's commitment to renewable energy is further strengthened by this agreement.