Vattenfall analyzes Dong's zero-subsidy bid

Dong's zero-subsidy bid on two German offshore wind farms was anticipated, although sooner than expected, says Vattenfall. The Swedish energy company is calculating how low a bid it can deliver ahead of the autumn bidding rounds in Germany.

Photo: PR

According to a Danish in-joke, one of the key differences between how Danes and Swedes conduct business is that Danes follow their gut feelings and make quick decisions, while Swedes call for meetings to analyze the situation before arriving at a decision three months later.

However, perhaps there is some truth to the stereotype after all, when going by the current conduct of Danish energy giant Dong and Swedish energy company Vattenfall. Recently, Dong surprised the market by issuing a zero-subsidy bid for the two farms OWP West and Borkum Riffgrund West 2 in Germany.

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