Vattenfall has won a tender to build the Danish Kriegers Flak wind power project on the Baltic coast. The Swedish state utility won the 600 MW wind power tender with a bid of €49.9/MWh and said it would invest between $1.19bn and $1.4bn in the project, subject to a final investment decision. The low cost investment reinforces the steep reductions in offshore wind costs the industry has delivered in recent years. Up until recently projects regularly cost around £100/MWh ($123/MWh), before the industry integrated ways of innovating the costs downwards.
Power Engineering International 10th Nov 2016 read more »