Swedish company Vattenfall has won a bid to build a 600MW offshore wind farm in Denmark.
The ‘Kriegers Flak’ installation in the Baltic Sea is predicted to generate enough electricity to power 23% of Danish homes – that’s a total of 600,000 households.
The project will require up to €1.3 billion (£1.16bn) of investment from the wind energy giant.
Magnus Hall, CEO of Vattenfall, said: “The announcement is an essential milestone for our ambition to increase our production of renewable power. We are already the second largest offshore player globally. The winning bid of €49.9/MWh (£44.39) proves that Vattenfall is highly competitive and brings down the costs for renewable energy.”
‘Kriegers Flak’ will contribute towards Denmark’s climate goal of not needing fossil fuels by 2050.
The Danish Government agreed to build three major offshore wind farms in total, with the other two being called Horns Rev 3 and Danish Near Shore. Vattenfall has now won the tenders for all three projects, which will provide around 55% of the energy used by Danish households.