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Wind-Power Price Driven to Record in North Sea by Vattenfall

  • Vattenfall wins tender with 60 euros per megawatt-hour bid
  • Site is unusually close to the coast, leading to lower costs
Updated on

Vattenfall AB won a tender to build two offshore wind farms in the Danish North Sea with a record-breaking bid of 60 euros ($67.33) a megawatt-hour.

That’s 20 percent cheaper than the previous record set by Dong Energy A/S in the Netherlands in July. The total capacity of the projects is expected to be 350 megawatts, Sweden’s largest energy company said in a statement.