Ørsted signs 7-year PPA with Nuveen, Equitix, and TRIG for 330 MW Gode Wind 1 offshore wind project in Germany
Type: Ppa · Technology: Offshore Wind · Country: Germany · Capacity: 330 MW · Announced: 2026-07-10
Ørsted signed a seven-year Power Purchase Agreement (PPA) with the consortium owning the 330 MW Gode Wind 1 offshore wind farm in the North Sea, Germany. The agreement, structured through Ørsted's Trading & Revenue division, provides long-term revenue stability for the project's owners—Nuveen (a TIAA company), Equitix, and The Renewables Infrastructure Group Limited (TRIG). The PPA covers the entire output of the Gode Wind 1 project, which is one of Ørsted's key offshore wind assets in Germany. This deal strengthens the project's financial resilience by reducing exposure to volatile wholesale electricity prices, aligning with Ørsted's strategy to support renewable assets throughout their lifecycle. The transaction underscores the growing importance of long-term PPAs in financing offshore wind projects amid declining subsidy support.