Denmark sets up offshore wind tender with up to $8.3bn in subsidies

May

20

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The Danish government has revealed it would launch a 3GW offshore wind tender this autumn. The country also decided to support developers with two-sided contracts for difference after last year’s tender attracted no bids.

The three tenders cover two areas in the Danish North Sea and one in the waters separating Denmark and Sweden. Nordsøen Midt and Hesselø will have a bidding deadline in the spring of 2026, while Nordsøen Syd will have a bidding deadline in the autumn of 2027. The first two are expected to come online by 2032 while the final one is set to be completed in 2033.

According to the government’s statement, the three wind farms will consist of 150 turbines of 20MW each. The turbines will have a 150-meter-high tower and a blade diameter of 260 m.

The new tender will replace the 3GW North Sea auction from last year, which failed to attract bids due to a lack of government subsidies.

Danish authorities revealed that they would offer up to DKK 55.2bn ($8.3bn) for the upcoming tender in total insurance coverage for the upcoming tender, with DKK 27.6bn ($4.17bn) made immediately available. This, however, does not mean that all of the funds will be awarded.

“We need more secure green power and energy to make Denmark and Europe independent of energy from Russia. There have been bumps in the road globally in getting offshore wind up in recent years, and that is why we have also agreed that the state will lend a helping hand to the projects if necessary,” said Lars Aagaard, Denmark’s energy minister.

The wind farms, when completed, would more than double Denmark’s offshore wind energy production, which currently amounts to 2.7GW. The country has set a target to increase its wind energy production capacity to 14GW by 2030.

The post Denmark sets up offshore wind tender with up to $8.3bn in subsidies appeared first on Energy News Beat.

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