Denmark will be generating 66% of its total power from non-hydro renewable sources in 2020, with wind power accounting for 44.8% of the overall share, GlobalData said today.
In 2025 over 75% of the country's power will be renewable. The research firm’s latest report shows that renewables will help Denmark raise its cumulative installed power capacity to 16.1 GW by 2025 from 13.5 GW in 2014, at a Compound Annual Growth Rate (CAGR) of 1.7%.
Offshore wind is seen to reach an 18% share of generation by the end of the forecast period, marking higher growth than onshore wind, according to GlobalData’s analysis.
Denmark’s goal is to achieve 35% of the total energy supply from renewable sources by 2020. Its Energy Policy Report of 2012 states that the country should be relying solely on renewables by 2050.
GlobalData’s senior analyst covering power, Chiradeep Chatterjee, believes that the country will meet its objectives, but warns that it should ensure adequate backup. “Without backup in the form of interconnections with the Nordic power pool, Denmark could face widespread blackouts. For this reason, large-scale interconnectivity to neighboring countries, such as Germany and Norway, will have to be established,” said Chatterjee.
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