Denmark Offers Aid for Wind Investments After Failed Auction

Denmark is offering 27.6 billion Danish kroner ($4.2 billion) in state aid to ensure more investments in offshore wind as the Nordic country attempts to reignite interest after a recent failure of a government tender.

In a broad-based political agreement, the government said three offshore projects with a combined capacity of 3 gigawatts will be put up for bids, according to a statement from the energy ministry on Monday.