Evolve Energy Supply Ltd has signed a long-term Power Purchase Agreement with Shell Energy Europe Limited to deliver offshore wind electricity generated by the Race Bank wind farm in the North Sea, the company announced on 14 April 2026.

The deal represents the largest offtake of offshore wind power generation in Evolve Energy's history and will run until 2035, supplying approximately 112GWh of renewable electricity annually to industrial and commercial customers across the United Kingdom.

The Agreement and Its Scale

The Power Purchase Agreement, under which Shell Energy Europe holds an offtake arrangement with Race Bank, will supply over one terawatt-hour of offshore wind electricity across the nine-year duration of the contract. At 112GWh per year, the volume of electricity involved reflects a significant long-term commitment from Evolve Energy, a licensed energy supplier based in Lytham that focuses on supply solutions designed to give industrial and commercial businesses direct access to renewable energy.

Race Bank is one of the United Kingdom's prominent offshore wind farms, with an installed capacity of 573MW. The facility is located in the North Sea, approximately 17 miles from the North Norfolk and Lincolnshire coast.

Shell Energy Europe Limited, which holds the offtake agreement with Race Bank, is the counterparty through which Evolve Energy has secured access to the electricity generated at the site. The deal was formally announced on 14 April 2026 from Evolve Energy's base in Lytham, UK.

How the Electricity Will Be Distributed

Evolve Energy intends to supply the offshore wind-generated electricity to more than 80 different industrial and commercial customers. The company will do this through what it describes as a renewable basket model, an approach that aggregates demand from multiple organizations and allows businesses to access renewable energy from different technologies under a single commercial framework.

According to the company, this model is specifically designed to address the accessibility challenges that many organizations encounter when they attempt to acquire renewable energy directly. By pooling demand across a wide range of customers, Evolve Energy says it can offer businesses a route into large-scale renewable generation that might otherwise be difficult to access independently.

The basket model also allows customers of differing sizes and energy profiles to participate in a single commercial structure, giving them access to offshore wind electricity without each needing to negotiate and manage individual agreements with generators or intermediaries.

Growing Demand from Business Customers

Evolve Energy described the agreement as a reflection of growing demand from businesses for what it called authentic renewable electricity from reliable sources.

The company positioned the Race Bank deal as a response to increasing interest among industrial and commercial organizations in securing long-term, credible renewable energy solutions rather than short-term or certificate-only arrangements.

The agreement is the largest single offtake of offshore wind power generation that Evolve Energy has completed to date, underlining the scale at which it is now operating as it seeks to expand the volume of genuinely sourced renewable electricity available to its customer base.

Executive Comment

James Hall, Chief Operating Officer at Evolve Energy, said the agreement marked an important step in what he described as the company's customer empowerment strategy. He said that securing long-term access to offshore wind at this scale enables Evolve Energy to support UK businesses that require renewable electricity solutions with genuine credibility and longevity.

Hall added that the deal strengthens the company's ability to connect large-scale renewable generation with customers that are serious about decarbonization, resilience, and long-term energy planning.

His comments indicate that Evolve Energy views the Race Bank agreement not only as a commercial transaction but as a demonstration of its broader approach to linking industrial and commercial buyers with substantial, verifiable renewable generation assets.

Background on Evolve Energy

Evolve Energy Supply Ltd holds a license to supply energy in the United Kingdom and has built its commercial proposition around providing industrial and commercial businesses with direct access to renewable electricity.

The company describes its model as one that pioneers supply solutions intended to solve the practical and commercial barriers that businesses face when trying to source renewable power.

The Race Bank agreement extends the company's portfolio of renewable supply arrangements and represents its most significant single offshore wind commitment to date.

With the deal running through to 2035, Evolve Energy has secured nearly a decade of supply from one of the North Sea's established large-scale wind farms, underpinning its ability to offer long-term renewable energy contracts to its growing pool of industrial and commercial customers.

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