EnergyWatch

Neas aims magic wand at huge wind project to significantly reduce risk

Danish energy trading specialists have found a seemingly undiscovered structure in the Nordic electricity market and will use it to cover risk on the largest corporate-based PPA in the world to date. Neas hopes that the "new and advanced balancing and hedging structure" can reduce risk for other wind turbine owners and secure the company solid footing in blossoming financial markets.

Young Tobias Taudal learns the ways of a magic wand at a Harry Potter event in Denmark. Elsewhere in the country, energy traders at Neas have found their own tool to severely reduce risk in wind projects. | Photo: /ritzau/MORTEN GROTH SCHÄRFE/

It is not in the power of humankind to control the wind or the sun. But perhaps Denmark's Neas has found a solution to at least mimic such a feat. The Danish trader has recently developed a structure which seems nothing short of magical.

This Tuesday, the company issued a press release with a somewhat cryptic headline: "Centrica signs Balancing and Hedging Contract for Europe's Single Biggest Onshore Wind Installation," in which the firm writes that Neas will play an active role in the installation of the 650-MW Markbygden wind farm in Sweden.

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