Denmark to postpone 600-MW offshore wind park launch to 2022

Jun 18, 2014 - Denmark plans to delay till 2022 the commissioning of the 600-MW Kriegers Flak offshore wind farm under a new growth plan just presented by the finance minister.

The government and the opposition Liberal Party have agreed on a set of measures aimed to cut the Public Service Obligation (PSO) by DKK 13.2 billion (USD 2.4bn/EUR 1.8bn) by 2020. The PSO represents a levy paid by electricity consumers to support renewable power generation. One of the steps is the two-year delay to the 600-MW Baltic Sea wind park, which is being developer by Swedish state-owned utility Vattenfall AB.

Furthermore, the Danish government intends to trim the planned capacity of certain coastal wind projects to 400 MW from 500 MW and introduce a price cap on coastal wind turbine installations. The proposed package also envisages the reduction of subsidies for onshore wind generators by DKK 100 million by the end of the decade.

Overall, the cross-party deal from yesterday night comprises over 90 steps to stimulate growth and bring down the cost for local businesses.

(DKK 10 = USD 1.819/EUR 1.341)

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