Danske Commodities has been appointed to provide route-to-market services for Thor, Denmark’s largest offshore wind farm, as the country expands its renewable energy capacity.
The Thor project is being developed by RWE in partnership with Norges Bank Investment Management, with stakes of 51% and 49% respectively. Once fully operational, the wind farm is expected to generate enough electricity to power more than one million Danish homes.
“We are proud to join Denmark’s largest offshore wind project as the route-to-market partner for Thor,” said Jakob Sørensen, CEO of Danske Commodities. “With more than 20 years of experience from the Danish power market, we will apply our trading expertise to connect the power production from Thor to the market and create value for our partners.”
Located approximately 22 kilometres off the coast of Thorsminde on Denmark’s west coast, the offshore wind farm will consist of 72 turbines. The project is expected to increase the share of renewable electricity in Denmark’s energy mix and contribute to reducing carbon emissions.
Danske Commodities will be responsible for managing the commercial interface between the wind farm’s electricity generation and the power market, leveraging its expertise in short-term trading, algorithmic systems, and weather forecasting.
“Building on vast experience from short-term power trading, Danske Commodities has a proven track record in balancing renewable energy assets, benefitting from our market-leading capabilities within algorithmic trading and weather analysis,” Sørensen said.
“Danske Commodities was founded in Denmark more than two decades ago. This is our homebase and we look forward to being part of record-breaking Danish project, bringing green electricity to one million households,” he added.
Danske Commodities currently manages a portfolio of 17 gigawatts of renewable and flexible energy assets across Europe.
The appointment highlights the growing role of energy trading specialists in integrating large-scale offshore wind projects into electricity markets as Europe accelerates its transition to renewable energy.
