CIP and Ørsted's Bornholm project seen squeezing energy isle's economy
CIP and Ørsted’s plan to develop offshore wind farms Bassin Syd and Øst in waters near the nation’s forthcoming Energy Island Bornholm could result in the latter incurring a deficit of DKK 10bn (EUR 1.34bn), reports media Ingeniøren.
The media writes that the Danish Energy Agency overlooked an unclear aspect of legislation that, ahead to late July, permitted other major wind-at-sea projects to establish in Baltic Sea waters otherwise reserved for the energy isle’s wind turbines.
According to Ingeniøren, the developments manifesting would create surplus electricity supply and thereby reduce the kWh price to the detriment of Energy Island Bornholm, scheduled for completion in 2030.
”I wondered about the project’s economy calculated in June having become very degraded, but I first became aware of the connection to Ørsted’s involvement in CIP’s project. I though: ’Hold on, this will not go well’. Thus far, the energy island project was barely economically viable, even though it already required subsidy,” says Per Nikolaj Bukh, professor of economic management at the University of Aalborg, to the media.
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