EnergyWatch

Danish energy minister hopes for subsidy-free offshore wind

The Danish energy minister Lars Christian Lilleholt thinks the prices of offshore wind will continue to decline so far that it will plausible to install offshore wind farms without state subsidies. However, the prospect of subsidy-free projects in Denmark prompt institutional investors look toward greener shores.

Photo: Ritzau Scanpix/Liselotte Sabroe

According to the Danish energy minister Lars Christian Lilleholt, offshore wind farms can soon function without state subsidies, reports Danish business daily Børsen.

Lilleholt explains to Børsen that "much of this will occur via market conditions", as the price of renewable energy will continue to decline. He points to the example of offshore wind, the price of which decreased by around 70 percent over a six-year period. Even though the minister would like to see offshore wind function on market conditions, he is aware lacking price assurances would entail uncertainty for investors.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Nordex books deficit of EUR 133m in Q2

The German wind turbine maker follows rivals noting another big interim loss, with revenue also having taken a hit. That, though, is exactly as expected, says CEO.

Further reading

Related articles

Latest News

See all jobs