After inking an agreement with UK-based investment and asset management firm GAM Capital and its project development arm Gas Power Developments, Dong is set to manage the control and market optimization of three 6 MW plants in the northwest of the country.
The company said it will optimize the flexible plants’ operation based on changes in power demand and production, turning them on and off from its 24/7 energy trading desk in Denmark.
The three plants are Prestige House, Newhouse and Clay Flatts, located in Lancashire and Cumbria. They will be operated alongside Dong’s substantial wind portfolio and the company said they are “a natural fit in providing a balanced delivery of power to the National Grid”.
Søren Scherfig, head of Dong Energy Markets, said the agreement with GAM Capital “represents an opportunity for us to create new value propositions to flexible generators outside of the traditional market.
“The agreement also helps us continue to build our position in the UK market and proves how gas peaking plants, wind power and consumers can work together.”
Chris Isard, operations director at GAM Capital and GPD, added: “We’re delighted to be entering into a long-term agreement with Dong Energy on the first phase of building and operating a portfolio of flexible peaking plants. As we continue to grow our portfolio, we look forward to working closely with Dong Energy and our strategic partners to deliver maximum value from these assets.”