Posted on July 13, 2026
As more offshore wind farms become exposed to market prices, long-term power purchase agreements (PPAs) are playing an increasingly important role in supporting the continued growth of renewable energy.
That’s why we’re pleased to have signed a long-term PPA with the Gode Wind 1 partnership in Germany.
For Ørsted, the deal is a significant milestone in our ambition to support renewable energy assets throughout their full life cycle. As the renewable energy sector continues to evolve, agreements like this will play a key role in enabling continued investment and helping accelerate the energy transition.
Developed together with our partners, the agreement covers a period of seven years and will provide a strong foundation for the Gode Wind 1 project and its owners: Nuveen, a TIAA company, Equitix, and The Renewables Infrastructure Group Limited (TRIG).
With this tailored solution, Ørsted – through Trading & Revenue – supports the long-term resilience of renewable energy projects, demonstrating how offshore wind assets can continue to deliver value and contribute to a more sustainable energy system beyond subsidy-supported frameworks.
