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News » International » Contract awarded for €1.1bn Baltic windfarm » published 10 Nov 2016

Contract awarded for €1.1bn Baltic windfarm

Vattenfall has won the tender for the largest windfarm in the Nordic region.

It will build Kriegers Flak, a 600MW offshore windfarm in the Baltic Sea off Denmark. Vattenfall’s investment in Kriegers Flak will be €1.1bn to €1.3bn (£979m-£1.16bn), pending a final investment decision.

The winning bid was €49.9 per MWh, which claimed to be among the lowest costs in the world for offshore wind power.

 “The announcement is an essential milestone for our ambition to increase our production of renewable power,” said  “We are already the second largest offshore player globally. The winning bid of €49,9 per MWh proves that Vattenfall is highly competitive and brings down the costs for renewable energy.”

Kriegers Flak will will be able to supply 600,000 Danish households with renewable energy – corresponding to 23% of all households in the county.

“I’m very proud of our people in the Wind organisation who once again delivered a winning bid. Vattenfall has won the three latest offshore wind tenders in Denmark; Horns Rev 3, Danish Near Shore and Kriegers Flak, equivalent to the energy consumption of 55 percent of the Danish households”, said Gunnar Groebler, head of Vattenfall Wind.

In September, Vattenfall won the tender for the 350MW Danish Near Shore project. The project is pending the Danish Parliament’s decision to proceed.

“Our winning bid for Kriegers Flak is 58 percent below the original cap of  €0.12,” added Groebler. “For the Danish Near Shore project the bid was also substantially below its cap. Proceeding with these two projects, Vattenfall provides Denmark with a cost efficient contribution to meet the country’s climate targets and customers’ demand for renewable energy.”

 

MPU

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This article was published on 10 Nov 2016 (last updated on 10 Nov 2016).

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