Vattenfall AB won a tender to build two offshore wind farms in the Danish North Sea with a record-breaking bid of 60 euros ($67.33) a megawatt-hour. That’s 20 percent cheaper than the previous record set by Dong Energy A/S in the Netherlands in July. The total capacity of the projects is expected to be 350 megawatts, Sweden’s largest energy company said in a statement. “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, head of Vattenfall Wind. “This again proves that renewable energy is going to be competitive. We contribute to this growth and we will continue to do so for the next few decades.”
Bloomberg 12th Sept 2016 read more »