According to the Danish energy minister Lars Christian Lilleholt, offshore wind farms can soon function without state subsidies, reports Danish business daily Børsen.
Lilleholt explains to Børsen that "much of this will occur via market conditions", as the price of renewable energy will continue to decline. He points to the example of offshore wind, the price of which decreased by around 70 percent over a six-year period. Even though the minister would like to see offshore wind function on market conditions, he is aware lacking price assurances would entail uncertainty for investors.
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