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Denmark clears Vattenfall's 350-MW nearshore wind win

Wind turbines at sea. Author: CGP Grey. License: Creative Commons, Attribution 2.0 Generic.

November 18 (SeeNews) - A majority in the Danish Parliament on Friday gave Swedish state-owned utility Vattenfall AB the green light to proceed with work on two nearshore wind farms totalling 350 MW off Denmark’s west coast.

Vattenfall won a tender for the two coastal wind farms, one of 180 MW at Vesterhav Syd and one of 170 MW capacity at Vesterhav Nord, in September, having bid DKK 0.475/SEK 0.63 per kWh.

Following the tender award a political debate was started in Denmark to determine whether these wind farms should be approved. Those who opposed clearance argued that the plants would disturb the view too much.

At the time of the award, the Danish ministry of energy utilities and climate pointed out that total support for the projects over the period 2020-2032 is estimated at DKK 3.6 billion, which is almost double the projected DKK 1.9 billion in the energy agreement from 2012 because power prices now are lower so a greater portion of wind power rates needs to be covered by subsidy.

Vattenfall has now won parliamental approval and can start procurement of the main components and services. It plans to begin construction in 2019 and to generate first power in 2020.

(DKK 1.0 = USD 0.142/EUR 0.134)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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