Green PPAs spur energy giants to go on the offensive

Large corporations like Danfoss, Amazon and Google are among the customers buying green power at fixed prices from energy giants – an arrangement projected to grow looking forward.
Michael Hannibal is a partner at Copenhagen Infrastructure Partners. | Photo: Søren Vendelbo/ERH
Michael Hannibal is a partner at Copenhagen Infrastructure Partners. | Photo: Søren Vendelbo/ERH
BY JOAKIM BØJGAARD FRANDSEN, TRANSLATED BY CHRISTOFFER ØSTERGAARD

Green power in Denmark is becoming increasingly unsubsidized, and a recent tender for the country's largest offshore wind project, known as Thor, showed that energy giants are willing to pay huge sums to win tenders. That might sound like quite the risk to take, but such players have made some new friends which are more than willing to purchase the electricity.

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