Denmark-based Dong Energy has secured a contract to supply green power to UK-based water services company Welsh Water under a five year contract.

The power will be used by Welsh Water’s more than 4,000 operational sites across the country.

The UK firm has taken this decision as part of its commitment to increase the use of renewables in its energy consumption.

Currently, Welsh Water produces about 20% of its energy through wind, hydro, solar and advanced anaerobic digestion and aims to increase it to 30% by 2019.

Welsh Water is a not-for-profit organisation that supplies about 828 million litres of water every day to more than three million people, serving most of Wales, Herefordshire and parts of Deeside.

The contract with Dong Energy follows a loan agreement signed by Welsh Water with European Investment Bank (EIB) for £250m.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

With the loan, the company plans to invest on renewable energy generation programmes in the near future.

The loan is expected to enable Welsh Water, which has the highest credit rating in the UK’s utilities sector, to meet its £1.7bn investment programme between 2015-2020 to invest in its assets. 

Welsh Water Energy head Mike Pedley said: "Our contract with DONG Energy secures green energy for the next five years whilst also offering good value for Welsh Water. As a not-for-profit company, every pound we can save on energy helps us keep bills down for customers.

“We are also looking forward to exploring how we can best utilise DONG Energy's flexibility services to drive further value from our operations."