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Vattenfall does not fear the risks of subsidy-free wind

Power purchasing agreements will cover risk on the world's first subsidy-free offshore wind farms. But even without PPAs and a new generation of wind turbines, the Dutch project is a solid business case, according to Vattenfall. The farms may even start spinning a year ahead of schedule.

Photo: Vattenfall presse

Some consider Vattenfall's victory in the latest Dutch offshore wind auction a huge gamble  for the company.

This is due to the fact that the projects Hollandse Kust Zuid 1&2 will be ready in 2022 at the latest, and thus mark the first projects where the developer secures its income exclusively by selling electricity, and without a state-backed safety net in the form of a set purchasing price or price surcharge.

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