Vattenfall Wins Offshore Wind Projects with Lowest Price on Record
Vattenfall has won the contract to build two offshore wind projects totaling 350 MW in the Danish North Sea, coming in with the lowest price per kilowatt-hour on record.
The company placed its winning bid at 0.475 krona/kWh, the equivalent of US$0.067, 20% lower than the previous record set by Denmark’s DONG Energy in July. (For comparison, planners tend to calculate the cost of new large hydro in Quebec at C$0.08 to $0.10/kWh.)
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The Swedish utility has recently been in the news for dumping some of its coal assets and making U.S. presidential candidate and reality TV star Donald Trump a loser in his bid to block an offshore wind farm near one of his Scottish golf courses.
“With our bid for DNS, we have demonstrated that we are able to reduce the costs of offshore wind faster than had been expected only a few years ago,” said Gunnar Groebler, the senior vice president who heads Vattenfall Wind. “This again proves that renewable energy is going to be competitive, and Denmark and Vattenfall are in the lead when it comes to renewable energy.”
The two projects “are set to be developed by Vattenfall in the offshore area outside Hvide Sande and Thyborøn, on the west coast of Jutland,” CleanTechnica reports.