Dong in Deal for What May Be World’s Cheapest Offshore Wind
- Projects will produce power for 8 U.S. cents a kilowatt-hour
- Dutch economy minister calls plants ‘a major breakthrough’
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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.