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.

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

Siemens Gamesa's deep financial woes are halfway self-inflicted

Despite successfully forwarding the external costs to customers, onshore wind projects valued at EUR 2bn are being delivered at zero-profit margins in the years to come, according to the turbine maker’s CEO. Here and there, things might have moved a bit too fast.

Further reading

Related articles

Latest News

See all jobs