LONDON British green energy supplier Good Energy (GOODG.L), one of the small players snapping up market share from big providers, said it had signed a one-year deal to buy electricity from a Dong Energy (DENERG.CO) wind farm off the Yorkshire coast. <\/p>\n
Good Energy, which also announced a near 40 percent jump in core profit for last year, said it will buy 12 percent of the electricity produced by Dong Energy's 210-megawatt (MW) Westermost Rough wind farm, with a view to expanding the deal in terms of length and volume. <\/p>\n
Denmark's Dong Energy, the largest offshore wind operator in Britain, said the deal marked the first time a British supplier will buy electricity directly from one of its offshore wind farms. <\/p>\n
\"We have an ambition to ... become one of the UK's leading energy suppliers to industrial and commercial customers and independent retailers,\" said Dong Energy's head of trading, Soeren Scherfig. <\/p>\n
Announcing its full-year results, Good Energy said its electricity customer base grew by 5 percent last year to 71,486 and its gas customer base by 14 percent to 44,107, helping core profit jump to 10.1 million pounds ($13 mln). <\/p>\n
Smaller energy suppliers now account for around 18 percent of the dual-fuel British energy market, up from just one percent in 2012, as customers leave big suppliers which the competition watchdog found to have overcharged consumers billions of pounds. <\/p>\n
(This version of the story was refiled to include missing word 'power' in headline) <\/p>\n
(Reporting by Karolin Schaps; Editing by Susan Fenton) <\/p>\n
SHANGHAI China's Alibaba Group Holding Ltd has fully acquired online ticketing platform Damai.cn, the e-commerce giant said on Tuesday, marking a further push into entertainment by the firm as it expands beyond its core online retail business. <\/p>\n
TOKYO Japan's Panasonic Corp on Tuesday said it has agreed to become majority owner of Spanish auto parts maker Ficosa International SA [FICOS.UL] as it bolsters its push into the automotive field. <\/p>\n
CAPE CANAVERAL, Fla. Privately owned Rocket Lab, a Los Angeles- and New Zealand-based startup poised to begin small satellite launch services this year, has closed a Series D financing round of $75 million, company officials said on Tuesday. <\/p>\n
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Britain's Good Energy to buy offshore wind power from Dong - Reuters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" LONDON British green energy supplier Good Energy (GOODG.L), one of the small players snapping up market share from big providers, said it had signed a one-year deal to buy electricity from a Dong Energy (DENERG.CO) wind farm off the Yorkshire coast. Good Energy, which also announced a near 40 percent jump in core profit for last year, said it will buy 12 percent of the electricity produced by Dong Energy's 210-megawatt (MW) Westermost Rough wind farm, with a view to expanding the deal in terms of length and volume. Continue reading