[ exact phrase in "" ]

[ Google-powered ]

LOCATION/TYPE

News Home
Archive
RSS

Subscribe to RSS feed

Add NWW headlines to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Selected Documents

All Documents

Research Links

Alerts

Press Releases

FAQs

Publications & Products

Photos & Graphics

Videos

Allied Groups

Danish government says wind power became two expensive  

Credit:  Reuters | May 13, 2016 | www.reuters.com ~~

The Danish government said on Friday it wanted to scrap plans to build five offshore wind farms as their output would become too expensive for consumers.

The government estimates it would cost consumers 70 billion Danish crowns ($10.63 billion) to buy electricity from the plants with a total combined capacity of 350-megawatts.

“Since 2012 when we reached the political agreement, the cost of our renewable policy has increased dramatically,” Lilleholt said representing the minority government for the Liberal party.

“We can’t accept this, as the private sector and households are paying far too much. Denmark’s renewable policy has turned out to be too expensive,” he said.

Denmark produced more than 40 percent of its electricity from wind power last year, a world record, and it has a goal of increasing this share to 50 percent by 2020.

Subsidies for wind power producers had to increase as power prices fell sharply since 2012, and producers had to get more money to make production profitable.

Nordic average power prices fell to 21 euros per megawatt-hour (MWh) in 2015, down from 31 euros/MWh on 2012. ($1 = 6.5876 Danish crowns) (Reporting by Erik Matzen; Editing by Jon Boyle)

Source:  Reuters | May 13, 2016 | www.reuters.com

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

Wind Watch relies entirely
on User contributions

Share:


« Later PostNews Watch HomeEarlier Post »

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook

Share

CONTACT DONATE PRIVACY ABOUT SEARCH
© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.
Formerly at windwatch.org.

HOME
Follow Wind Watch on Twitter

Wind Watch on Facebook

Share