The Danish Energy Agency last week announced the results of its 2019 technology neutral renewable energy tender with the average price dropping so much that subsidy-free wind and solar projects may be closer on the horizon than previously expected. A total of seven projects with combined wind and solar capacity of 271MW were awarded at an average cost of DKK 15.4/MWh ($A3.33/MWh) – the price is a premium to the wholesale price. The awarded prices were so low, in fact, that they accounted for only 61% of the tender’s allocated budget, saving the government DKK 101 million ($A21.87 million). “The price of onshore wind turbines and solar parks is now so low that it suggests that they are close to becoming subsidy free,” said State of Green, a not-for-profit, public-private partnership between the Danish Government and Denmark’s four leading business associations.
Renew Economy 9th Dec 2019 read more »