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Vattenfall: European offshore wind still has excellent returns

The risk profile in the offshore wind sector has changed, but there remains an "excellent rate of return," in the sector, says Vattenfall's Michael Simmelsgaard.

Back in 2016, Swedish utility Vattenfall won the right to build offshore wind farm Kriegers Flak with the lowest bid ever before seen in offshore wind.

The DKK 0.372 per kWh bid was far cheaper than prices on other wind farms at the time, and even those Vattenfall had previously won.

It caused a stir in the industry, but according to Vattenfall's offshore wind director Michael Simmelsgaard, the time was right to come forward with a lower price.

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