The green power industry has hit a milestone after the world’s largest offshore wind farm company said it would build two German schemes without any subsidies. In an advance for what has been one of the most heavily subsidised types of renewable power, Denmark’s Dong Energy said it would rely on wholesale market prices instead of extra government support for the projects in the German North Sea. The news is likely to raise further questions about the cost of large power schemes such as the Hinkley Point nuclear plant that French utility EDF is building in the UK. The government has promised it more than twice the current UK wholesale power price for its electricity for 35 years.
FT 14th April 2017 read more »
Germany’s Bundesnetzagentur has selected three offshore wind projects by DONG Energy and one project by EnBW in the first auction for grid connections and funding for existing offshore wind farm projects, with at least one of the developers offering the lowest price bid of 0.00 Euro cents per kilowatt-hour. The agency selected four offshore wind projects with a combined capacity of 1,490MW, including EnBW’s 900MW He Dreiht, and DONG’s Borkum Riffgrund II West, Gode Wind 3, and OWP West offshore wind farm. The average award price was 0.44 Euro cents per kWh, and the highest price accepted was 6.00 Euro cents per kWh. All four projects are in the North Sea.
Offshorewind.biz 13th April 2017 read more »