Vattenfall is not ready to ditch its offshore training wheels

The CEO thinks that people will question whether Dong and EnBW actually wind up constructing the projects for which they won the rights in the German offshore wind tender this spring. He himself would not be prepared to take on a similar venture.

Photo: PR

After two months of consideration, Vattenfall has determined that the Swedish utility is not currently ready to bid on offshore wind projects with zero-subsidy bids, says the company's CEO Magnus Hall to Recharge.

"If you feel your own price expectations are covering your costs to the extent that you realize the investment, then of course you don’t need the subsidy, you can choose to say 'we don't need it'," he tells the media.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

US to bank more on nuclear power

Several US states are regarding nuclear power as a supplement to renewables when it comes to lowering emissions, but there is still opposition from a number of Democratic states.

Further reading

Related articles

Latest News

See all jobs