Revenue Secured

In December 2020, Humber Gateway secured a dedicated revenue arrangement through the conclusion of a corporate Power Purchase Agreement (PPA). The Tethys project timeline records this milestone explicitly as “Corporate PPA Secured,” while the licensing information for the site notes that a Power Purchase Agreement was signed in the same month. Together, these references indicate that by the end of 2020 a binding agreement was in place governing the sale of electricity generated by the 219 MW offshore wind farm, providing structured revenue certainty for its output. This PPA represents a later-stage commercial development for Humber Gateway, which had already been fully commissioned in May 2015 following earlier steps such as conditional offtake being secured in February 2011. By moving from earlier conditional arrangements to a signed corporate PPA, the project’s owners formalised a key component of its long-term commercial framework during its operational phase. The December 2020 signing consolidates Humber Gateway’s position as an operating asset with an established route to market for its electricity, underpinning its role in supplying power equivalent to the needs of up to 199,000 UK homes. The combined reporting of “Corporate PPA Secured” in the project timeline and “Power Purchase Agreement (PPA) signed” under licensing information underscores that this was not merely a negotiation milestone but a completed contractual commitment in favour of Humber Gateway.