Danish minister shoots down wind industry's subsidy dreams

A battle has erupted between the Danish energy minister and the Danish Wind Industry Association ahead of negotiations for a new onshore wind subsidy program. The minister calls the industry's model a self-serving campaign, while the association says the minister's calculations are a mess.

Photo: /ritzau/Jens Dresling

Danish Minister for Energy, Utilities, and Climate, Lars Christian Lilleholt, has no intention of appeasing the country's wind turbine industry when the Danish Wind Industry Association presents an alternative proposal for a two-year subsidy program, reports Danish business media Børsen.

Parties in Danish parliament held a meeting Thursday to discuss the subsidies and the government had beforehand proposed an auction-based model, where turbine owners are offered a set subsidy in addition to the energy price for 20 years. The money will come from a pool of DKK 1.3 billion (EUR 175 million) in 2018 and 2019, and will provide a new 200 MW of sustainable electricity, according to the government's calculations.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Equinor says renewables still maturing

Like most other oil firms, Norway's Equinor aims to become greener. But the maturation of its renewable energy portfolio impacts the company in Q2, which sees a deficit of USD 31 in renewables.

The 'new' Seadrill estimated to be worth USD 1.2bn

SEB evaluates that the recently restructured Seadrill will have a fair equity value of about USD 1.2bn. Since the news of the restructuring broke over the weekend, the Seadrill stock price has only plummeted.

Higher revenue didn't save Subsea 7 from bottom-line loss

Subsea 7 increased its revenue with 59 percent compared to 2020, however, it was not enough to keep the balance sheet in the black on the bottom line. The offshore company states that delays and Covid-19 impacted business in the second quarter.

Further reading

Related articles

Trial banner

Latest News

See all jobs