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Statkraft lucks out with British offshore wind farm

Despite a far more lucrative location, Triton Knoll has also secured a 30-percent higher subsidy price than the other winners in the British tender. Pure luck, according to a Dong executive, while the developer acknowledges bidding lower.

Photo: Siemens

One man's trash is another man's treasure. This seems to apply to the public subsidy tender in the UK, for which the British government announced the results Monday. In addition to the 3.2 GW offshore wind that were awarded subsidies, funding was also awarded to several small biomass and waste plants, which means that Statkraft and Innogy will get even more funds for their offshore wind project Triton Knoll.

The explanation lies in the way that British tenders are set up. Winning projects are not necessarily awarded the power purchasing price that the project makers actually bid, but instead the price that the most expensive project for that year bid.

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