EnergyWatch

Dong will drive offshore forward with price cuts

After a historic zero-subsidy bid on German offshore wind, Dong's CEO Henrik Poulsen is well aware that certain financial institutions are arching their eyebrows in response. Banks believe Dong's bid is risky, but now the CEO calls for calm.

Photo: Jens Dresling, Polfoto

Dong's plans to install two German offshore wind farms without any subsidies should be seen as a positive, says the Danish wind developer's CEO at an analyst conference according to Danish media Børsen.

"I understand the concern about the related exposure to the market price for electricity. But with offshore becoming more and more competitive, this is a positive. Not a negative;" said Poulsen according to the newspaper.

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

Ørsted aims to be number one on carbon capture

The utility hopes to win the Danish carbon capture and storage tender with a plan to capture 400,000 tonnes of CO2 by 2025 from the company’s biomass-fired combined heat and power stations.

Nordex downgrades forecast

The German turbine manufacturer has had a rougher start to 2022 so far than expected, prompting the company to downgrade guidance by EUR 200m at minimum.

Further reading

Related articles

Latest News

See all jobs