Evolve Energy has signed a long-term power purchase agreement with Shell Energy Europe to secure the supply of electricity from the Race Bank offshore wind farm.
The contract, which will run through 2035, provides for the delivery of approximately 112 GWh per year of clean electricity. In total, the volume will exceed one terawatt-hour over the nine-year term, strengthening access to renewable energy for the country’s industrial and commercial companies.
A strategic wind PPA for the UK energy market
This agreement represents the largest offshore wind power purchase transaction carried out by Evolve Energy to date. In doing so, the company strengthens its positioning as a provider of flexible energy solutions aimed at industrial customers seeking to reduce their carbon footprint.
For its part, Shell Energy Europe consolidates its role as a key intermediary in the European energy market, facilitating access to large-scale renewable generation through structured contracts such as PPAs.
A key offshore wind asset
The Race Bank offshore wind farm, located in the North Sea, is one of the UK’s most significant offshore generation assets. With an installed capacity of 573 MW, it is located about 27 kilometers off the coast of Norfolk and Lincolnshire.
Thanks to this agreement, the electricity generated at Race Bank will be channeled to more than 80 customers through a “renewable energy basket” model. This system makes it possible to aggregate the demand of multiple companies, simplifying access to different renewable sources under a single commercial framework.
Direct access to renewable energy for industry
The model adopted by Evolve Energy addresses one of the market’s main barriers: the difficulty companies face in accessing clean energy directly. By centralizing demand, the company enables more efficient contracts tailored to real industrial needs.
Likewise, this approach helps improve long-term energy planning and increase the operational resilience of companies that depend on a stable supply.
Driving corporate decarbonization
The company’s Chief Operating Officer, James Hall, noted that this agreement strengthens the ability to connect large-scale renewable generation with companies committed to decarbonization.
In this context, the growth of PPA contracts in Europe reflects a clear trend: organizations are seeking reliable, sustainable energy sources with guaranteed traceability, especially in sectors with high energy demand.
Source and photo: Evolve