Analyst: "Ridiculously" low returns on Kriegers Flak threaten Dong Energy

Swedish turbine manufacturer Vattenfall can expect returns of no more than 3 percent on the offshore wind farm Kriegers Flak, according to a new analysis from Sanford C. Bernstein.

Photo: DanTysk

Swedish turbine manufacturer Vattenfall will make returns on offshore wind farm Kriegers Flak that are "ridiculously" low, reads an analysis from Sanford C. Bernstein which covers Dong Energy.

The analyst agency believes that Vattenfall's winning bid raises doubt about the value of future projects for a company such as Denmark's Dong (unless the projects have already secured a good aid deal), because the returns on offshore wind are taking a steep dive.

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