Vattenfall Bid For Danish Offshore Wind Project Is Cheapest On Record

Swedish power company Vattenfall has turned the offshore wind industry on its head, by placing the lowest bid on the Danish Near Shore Wind Tender for two offshore wind projects located in the Danish North Sea.

Vattenfall announced this week that it had won the Danish Near Shore Wind Tender (DNS), submitting its final bid of 0,475 kr/kWh (€60/$67.33) on September 1 for the two projects, Vesterhav Syd and Vesterhav Nord. This marks the cheapest offshore wind bid, 20% below the previous record low set by DONG Energy in July.

“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 and Denmark and Vattenfall is in the lead when it comes to renewable energy. We contribute to this growth and we will continue to do so for the next few decades.”

The Vesterhav Syd and Vesterhav Nord projects will together have a capacity of 350 MW, and are set to be developed by Vattenfall in the offshore area outside Hvide Sande and Thyborøn on the west coast of Jutland.

“This is excellent news,” exclaimed Magnus Hall, Vattenfall‘s CEO. “We have worked extremely hard with this offer and our efforts have been rewarded. This is a major step for our company in respect of our sustainability aspirations.”