Vattenfall rejects logic of negative offshore wind prices

Energy islands of double-digit GW capacities in the North Sea are credible due to approaching political momentum and offshore wind prices. Lower bids than the ones coming will, however, not lead to cheaper power, says Vattenfall's head of offshore wind.

Photo: Vattenfall

Michael Simmelsgaard lets out a strained chuckle. Vattenfall's country manager for Denmark and head of offshore wind is perfectly aware of the looming question. It might not be entirely wrong to state that he himself carries some of the blame.

It was Vattenfall which in 2016 set a new rock-bottom price on offshore wind, DKK 0.475 (EUR 0.064) per kWh, for the Vesterhav projects near Denmark's western coast. A few months later, it went even lower, DKK 0.372 (EUR 0.049) per kWh, on Kriegers Flak. Last year, the Swedish utility secured project Hollandse Kust 1+2 in the spring with a symbolically significant so-called zero-bid.

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