Case study Midtfjellet, wind energy

The wind farm Midtfjellet is an onshore wind farm in operation in southwestern Norway, which was acquired in 2017. It has an output of 110 MW and is currently the largest wind farm in Norway

 

Nominal capacity

 110 MW
Number of parks1
Locationsouthwestern Norway
Type of turbines34 x Nordex N90 / 10 x Nordex N100
Capacity factor19% - 35%
Technical data
Technical data

The wind park consists of Nordex wind turbines. There is a service and maintenance contract, which also includes a guarantee for technical support and monitoring. The technical management is provided by a local Norwegian developer, including a corresponding plant supervision contract.

Technical data
Power remuneration
Power remuneration

There is a long-term Power Purchase Agreement (PPA) with a fixed purchase price with the data center operator in Finland. For the remaining years of operation after the end of the PPA, the electricity revenue is raised on the open market (NordPool Spot). In addition to the actual electricity tariff, the project also receives revenues from the sale of green certificates (El Certificates). The Green Electricity Certificates have a long-term purchase agreement (El-Certificates Purchase Agreement, EPA) with a German company. After expiration of the contract, the certificates will be sold on the open market (NordPool Spot).

NordPool Spot

NordPool Spot is Europe's largest short-term physical power trading platform. Derivatives in the energy sector are traded on separate stock exchanges. The market region for NordPool Spot includes Norway, Sweden and Finland as well as the United Kingdom, Denmark and Germany as well as the Baltic States Estonia, Latvia and Lithuania.

Remuneration mechanisms for renewable energies

PPA: This is a power purchase agreement with a company. The term and the power purchase price are freely negotiable.

Certificates: Each MWh produced receives a certificate from a renewable energy plant. Electricity suppliers and sometimes other companies are obliged to purchase a certain amount of certificates depending on their electricity consumption. The prices are not fixed by the state, but market prices. Certificates are either traded on NordPool Spot or they can be sold via a purchase agreement.

Feed-in tariff: This is a fixed remuneration per kWh produced, provided by the government.

Feed-in bonus: A feed-in premium is a government-fixed or variable remuneration for the feed-in from renewable energies, which a producer receives in addition to the sales proceeds on a power exchange.

Call for tenders: An invitation to tender is an auction in which a feed-in tariff or a feed-in tariff for a government-defined generation capacity is determined. The project developer who submits the lowest bid wins the auction and can implement his project.

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