Opus Energy signs wind power agreement with Danish energy company Nordjysk Elhandel

(19/01/2012)

Opus Energy, the Northampton and Oxford-based energy supplier, has entered cooperation with Danish energy company, Nordjysk Elhandel (NEAS), specialising in renewables for the balancing and trading of wind power production from wind turbine generators in the UK.

“Wind power generation is expanding rapidly in the UK and we at Opus Energy want to secure the best possible set-up in production management for wind power generators. The cooperation with NEAS gives us access to state-of-the-art services in scheduling and balancing of wind power, and competencies in trading of wind power. This will provide UK wind power generators with the best service and maximum value for their production and associated certificates. We believe this cooperation will give us a competitive edge to enable us to expand our market for wind power generation”, explains Charlie Crossley Cooke, Managing Director, of Opus Energy.

Today there is approximately 5,970 MW installed capacity of wind power in the UK. However, this number is expected to rise dramatically to more than 10,000 MW in 2015 and well over 20,000 MW in 2020, based on the figures for wind turbines presently under construction, approved and planned.

“At NEAS we have invested many resources in building up the strongest possible set-up in production management and trading of wind power. For example, we have our own meteorologists and analysts forecasting production volumes, and we have developed specialized IT systems for balancing and scheduling of wind power generation. Also, we have years of experience in trading of wind power in Denmark, Sweden and Germany. The cooperation with Opus Energy provides us with a highly competent partner to market our services for wind power generators in the UK”, says Bo Lynge Rydahl, CEO at NEAS.

Opus Energy and NEAS expect to sign the first wind power production purchase agreements (PPAs) in the UK within the first quarter of 2012. They will market their services to wind power generators on the basis of competitive and dynamic pricing structures and outstanding balance responsible party services.

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About Opus Energy
Opus Energy is the UK’s leading business energy supplier. With offices in Northampton and Oxford, Opus Energy employs 360 people.

Opus Energy supplies over 110,000 UK business sites across all sectors. Corporate customers include: Stagecoach, Halfords, Pizza Hut and Virgin Media.

Opus Energy’s management team has a 50 per cent stake in the business, while International Power Plc (LSE:IPR.L) holds 30 per cent and Telecom Plus Plc (LSE: TEP.L ) has 20 per cent.

About NEAS
NEAS is the market leader in trading and balancing of wind turbine operation, based on market terms, in Denmark. Representing more than 1, 200 MW installed capacity under management.

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