No one wants to build Danish offshore wind power

A major failure for Danish wind power. It is clear since the bidding period ended on Thursday for building Danish offshore wind power. No bids were received, announced the Danish Climate and Energy Ministry.

» Published:

No one wants to build Danish offshore wind power
Photo: Johan Nilsson/TT

Share this article

The responsible minister has now given the assignment to the Energy Agency to investigate why no one wanted to bid on the three current parks that the Danish state had pointed out.

Even Swedish Vattenfall was among the interested parties, but has, just like the other potential wind power builders, pointed out that the deals couldn't be made profitable. In the current projects, no government subsidies are provided.

The three current projects would, if built, be able to produce at least 3 GW in effect. The bidding period for the next 3 GW ends in April next year. Together, they constitute Denmark's largest investment in offshore wind power. For comparison, a nuclear reactor produces approximately 1 GW in effect.

"Today's result gives no reason for any greater optimism for the next three parks", says Climate and Business Minister Lars Aagaard in a press release and continues:

"Let me make one thing completely clear. More offshore wind will be built in Denmark. It was the government's goal yesterday, and it is still today".

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

Klarna CEO: Swedishness is a Valuable Asset

Klarna CEO: Swedishness is a Valuable Asset

Handelsbanken Swish Payment Disruption Resolved

Handelsbanken Swish Payment Disruption Resolved

Government Proposes Increased Export Credit Guarantees for Swedish Companies

Government Proposes Increased Export Credit Guarantees for Swedish Companies

AstraZeneca Halts UK Research Facility Expansion Plans

AstraZeneca Halts UK Research Facility Expansion Plans

Princess Madeleine's Skincare Brand Launch Draws Lukewarm Interest

Princess Madeleine's Skincare Brand Launch Draws Lukewarm Interest

Länsförsäkringar Swish Payment Issue Resolved

Länsförsäkringar Swish Payment Issue Resolved

Blind Box Trend Raises Concerns Over Consumer Behavior and Spending

Blind Box Trend Raises Concerns Over Consumer Behavior and Spending

France's Credit Rating Downgraded by Fitch

France's Credit Rating Downgraded by Fitch

Microsoft Gains Amid Mixed US Market

Microsoft Gains Amid Mixed US Market

FTC Investigates Google and Amazon Over Advertising Practices

FTC Investigates Google and Amazon Over Advertising Practices

US Proposes G7 Tariffs on China and India Over Russian Oil Purchases

US Proposes G7 Tariffs on China and India Over Russian Oil Purchases

Taco Bell Plans Expansion into Sweden with First Stockholm Location

Taco Bell Plans Expansion into Sweden with First Stockholm Location

Russia's Central Bank Makes Smaller Than Expected Interest Rate Cut

Russia's Central Bank Makes Smaller Than Expected Interest Rate Cut

ECB Officials Divided on Future Interest Rate Decisions

ECB Officials Divided on Future Interest Rate Decisions

Klarna CEO Secures Billion-Kronor Loan to Buy Out Co-Owner

Klarna CEO Secures Billion-Kronor Loan to Buy Out Co-Owner

Six Suspects in Consultant Scandal Face Charges After Spain Raid

Six Suspects in Consultant Scandal Face Charges After Spain Raid

Microsoft to Remove Teams from Office Package in EU Agreement

Microsoft to Remove Teams from Office Package in EU Agreement

UK Economy Growth Stagnant in July as GDP Remains Unchanged

UK Economy Growth Stagnant in July as GDP Remains Unchanged

German Inflation Rises to 2.2 Percent in August

German Inflation Rises to 2.2 Percent in August

Global Stock Markets Rise Slightly Ahead of Expected US Rate Cut

Global Stock Markets Rise Slightly Ahead of Expected US Rate Cut