(Bloomberg) — The Danish utility Dong Energy A/S won a contract to develop two wind farms off the coast of the Netherlands that the Dutch government deemed the cheapest in the world.
Dong, the world largest offshore wind developer, offered to develop the projects for 7.27 euro cents a kilowatt-hour (8 U.S. cents), excluding connection fees for TenneT of 1.4 cents a kilowatt-hour, the Dutch economic affairs ministry said in a statement on its website Tuesday. The government said the move will allow it to spend 2.7 billion euros less than it had anticipated over the 15 years it will subsidize the project.
If completed, the projects will accomplish a goal Dong set four years ago to bring wind farm development costs under 100 euros per megawatt by 2020, the company said in a statement.
“This demonstrates the great potential of offshore wind,” Samuel Leupold, executive vice president and head of wind power for Dong, said in the statement. Dutch economic affairs minister Henk Kamp said Dong’s bid represents a “major breakthrough in the transition to sustainable energy.”
Better Turbines
Dong will build the Borssele 1 and 2 wind farms about 22 kilometers (13.7 miles) off the Dutch province of Zeeland. The company plans to complete the projects by July 2020. They will have a combined capacity of 700 megawatts, enough to power about one million Dutch households, Dong said.
Offshore wind remains one of the most expensive ways to generate power. Dong, along with other developers, has cut costs dramatically in recent years with techniques that include making more efficient wind turbines and blades, improving foundation designs and boosting transmission-cable capacity.
The Netherlands is planing five new wind farms in the coming years to produce energy for more than 5 million households, the government said.
COPENHAGEN, April 15 (Reuters) – Shipping company Maersk has not made any deployment changes after a Portuguese-flagged container ship was seized by Iran in the Strait of Hormuz on Saturday, the Danish company said on Monday. “We find recent...
WASHINGTON, April 15 (Reuters) – The FBI has opened a federal criminal investigation into the deadly collapse of a Baltimore bridge last month when a ship crashed into one of its supports,...
By Daryna Krasnolutska (Bloomberg) Russia and Ukraine may have struggled to shift things significantly on the battlefield for more than 16 months, but a new phase of the war is moving...
April 14, 2024
Total Views: 2040
Why Join the gCaptain Club?
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.