EnergyWatch

Dong CEO denies that zero-subsidy bid marks a precedent

Dong Energy's zero-subsidy bid on three German offshore wind farms is not likely to be a recurring feature of future German tenders, states CEO Henrik Poulsen, adding that he anticipates a bright future in Germany.

Photo: Dong Energy

Two weeks ago, Dong Energy took the market for a ride. In a German offshore wind tender, the Danish utility placed a bid with zero subsidies – meaning a bid in which Dong would only receive the price of the electricity – for the two projects OWP West and Borkum Riffgrund West 2. This astonished observers as it reflected both a continued plunge in the price of offshore wind and also instigated fears in the market concerning Dong's business model.

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

Further reading

Related articles

Latest News

See all jobs