X
  • Renewable Power
  • Nuclear Power
  • Thermal Power
Power Gen Advancement
  • Home
  • News
    689 MW of Offshore Wind Projects

    689 MW of Offshore Wind Projects Awarded in South Korea

    Global Solar Installations

    Global Solar Installations Grew 64% More in 2025 First Half

    CHSN01 is a breakthrough

    The New Metal from China – The CHSN01 is a Breakthrough

    US Companies Advance Renewables

    US Companies Advance Renewables Inspite of Policy Setbacks

    Fusion Energy Projects in the UK

    Fusion Energy Projects in the UK Get Government Support

    26 MW offshore wind turbine

    China Installs Most Powerful 26 MW Offshore Wind Turbine

    Cross Border Renewable Energy Projects

    5 New Cross-Border Renewable Energy Projects Approved by EC

    UK Solar Capacity

    UK Solar Capacity Sets New Generation Record with Rollouts

    NextGen Triboelectric Nanogenerators TENGs

    China Develops Next-Gen Triboelectric Nanogenerators – TENGs

  • Market Moves
    EIA Data Reveal Renewables

    EIA Data Reveal Renewables Provided Almost a Third of U.S. Electrical Generation and Nearly Matched Natural Gas in March as Solar Outproduced Hydropower and Solar+Wind Were Greater than Either Coal or Nuclear

    Thermal Energy Storage Market

    Thermal Energy Storage Market Growth Driven by Clean Energy

    Offshore Wind Turbine Market

    Offshore Wind Turbine Market to Hit $39.2 Billion by 2031

    Gen AI Drone

    Gen AI & Drone Assets Transforming Energy & Utilities Sector

    Electricity Grid in UK

    How Electricity Grid in the UK is Witnessing Transformation

    UK Battery Storage

    The Evolving UK Battery Energy Storage Systems Market

    Hydrogen Fueling Station Market to Reach $2.88B by 2030

    Hydrogen Industry to Grow 10.4% CAGR, Hit $47.83B by 2034

    Hydrogen Fuel Cells Market to Reach $5.9 Billion by 2031

  • Press Statements
    Asian Agri PLN Signs Agreement

    Asian Agri, PLN Signs Agreement to Supply Renewable Energy in North Sumatra

    Delivery of Natural Gas Turbines

    Georgia Power Receives Delivery of Natural Gas Turbines

    Banpu Supercharges Clean Energy Portfolio

    Banpu Supercharges Clean Energy Portfolio with 350 MW Battery Project in Australia to Advance Decarbonization Goal

    EIA Data Reveal Renewables

    EIA Data Reveal Renewables Provided Almost a Third of U.S. Electrical Generation and Nearly Matched Natural Gas in March as Solar Outproduced Hydropower and Solar+Wind Were Greater than Either Coal or Nuclear

    Energy Evolution Conference 2026

    Energy Evolution Conference 2026: Shaping the Future of Renewable Energy in Dubai

    Eaton-announces-breakthrough

    Eaton announces breakthrough, AI-powered innovation to help utilities strengthen wildfire prevention efforts

    First-Digital-Twin

    ETAP and Schneider Electric Unveil Worlds First Digital Twin to Simulate AI Factory Power Requirements from Grid to Chip Level Using NVIDIA Omniverse

    E-world 2025 has started with record participation

    Houston to host key hydrogen summit as industry faces new political landscape

  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us
No Result
View All Result
  • Home
  • News
    689 MW of Offshore Wind Projects

    689 MW of Offshore Wind Projects Awarded in South Korea

    Global Solar Installations

    Global Solar Installations Grew 64% More in 2025 First Half

    CHSN01 is a breakthrough

    The New Metal from China – The CHSN01 is a Breakthrough

    US Companies Advance Renewables

    US Companies Advance Renewables Inspite of Policy Setbacks

    Fusion Energy Projects in the UK

    Fusion Energy Projects in the UK Get Government Support

    26 MW offshore wind turbine

    China Installs Most Powerful 26 MW Offshore Wind Turbine

    Cross Border Renewable Energy Projects

    5 New Cross-Border Renewable Energy Projects Approved by EC

    UK Solar Capacity

    UK Solar Capacity Sets New Generation Record with Rollouts

    NextGen Triboelectric Nanogenerators TENGs

    China Develops Next-Gen Triboelectric Nanogenerators – TENGs

  • Market Moves
    EIA Data Reveal Renewables

    EIA Data Reveal Renewables Provided Almost a Third of U.S. Electrical Generation and Nearly Matched Natural Gas in March as Solar Outproduced Hydropower and Solar+Wind Were Greater than Either Coal or Nuclear

    Thermal Energy Storage Market

    Thermal Energy Storage Market Growth Driven by Clean Energy

    Offshore Wind Turbine Market

    Offshore Wind Turbine Market to Hit $39.2 Billion by 2031

    Gen AI Drone

    Gen AI & Drone Assets Transforming Energy & Utilities Sector

    Electricity Grid in UK

    How Electricity Grid in the UK is Witnessing Transformation

    UK Battery Storage

    The Evolving UK Battery Energy Storage Systems Market

    Hydrogen Fueling Station Market to Reach $2.88B by 2030

    Hydrogen Industry to Grow 10.4% CAGR, Hit $47.83B by 2034

    Hydrogen Fuel Cells Market to Reach $5.9 Billion by 2031

  • Press Statements
    Asian Agri PLN Signs Agreement

    Asian Agri, PLN Signs Agreement to Supply Renewable Energy in North Sumatra

    Delivery of Natural Gas Turbines

    Georgia Power Receives Delivery of Natural Gas Turbines

    Banpu Supercharges Clean Energy Portfolio

    Banpu Supercharges Clean Energy Portfolio with 350 MW Battery Project in Australia to Advance Decarbonization Goal

    EIA Data Reveal Renewables

    EIA Data Reveal Renewables Provided Almost a Third of U.S. Electrical Generation and Nearly Matched Natural Gas in March as Solar Outproduced Hydropower and Solar+Wind Were Greater than Either Coal or Nuclear

    Energy Evolution Conference 2026

    Energy Evolution Conference 2026: Shaping the Future of Renewable Energy in Dubai

    Eaton-announces-breakthrough

    Eaton announces breakthrough, AI-powered innovation to help utilities strengthen wildfire prevention efforts

    First-Digital-Twin

    ETAP and Schneider Electric Unveil Worlds First Digital Twin to Simulate AI Factory Power Requirements from Grid to Chip Level Using NVIDIA Omniverse

    E-world 2025 has started with record participation

    Houston to host key hydrogen summit as industry faces new political landscape

  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us
No Result
View All Result
Power Gen Advancement
No Result
View All Result
Home News

Denmark gets cheaper power from offshore wind turbines

in News, Renewable Power, Wind Energy

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

With a price of 10.31 Eurocent per. kWh., the new offshore wind farm, Horns Rev 3, will provide power much cheaper than other recently established offshore wind farms in Denmark and abroad.

By Jesper Caruso, Ministry of Climate, Energy and Building. Published by State of Green, february 27 2015.

The winning tender for the wind farm Horns Rev 3 came from Vattenfall Vindkraft A/S who have agreed a price of 10.31 Eurocent per. kWh. In comparison with previous price assumptions, this means that Danish consumers will experience a saving of approximately 295 million Euros. over the next 11-12 years, which is the period during which the offshore wind farm will be in receipt of subsidies. Thereafter, the Horns Rev 3 facility will produce electricity at the market price and will no longer receive any form of subsidy.

The winning bid is well below the 14.07 Eurocent (15.15 Eurocent in fixed 2015-prices) which is the price being charged by Anholt Offshore Wind Farm. Horns Rev 3 is thus 32 percent cheaper than the last time Denmark built an offshore wind farm. This makes it the cheapest offshore wind park in Europe at the moment.

Compared to other wind farms abroad, this represents a very low price. Though a direct comparison is not possible, in the UK – the largest market for wind turbines – the cheapest parks currently being built cost 15.33 Eurocent / kWh in 2015. In addition to this the subsidies are adjusted for inflation and, in contrast to Denmark, the subsidy period is 15 years instead if the 11-12 years afforded in Denmark.

”With Horns Rev 3 Denmark is making windmill history through realising a significant reduction in the cost of establishing offshore wind farms. There is no doubt that the power from offshore wind turbines will continue to be an essential part of the green transition and contribute effectively to reducing CO2 in the atmosphere,” says Minister for Climate, Energy and Building Rasmus Helveg Petersen.

The low price is due in large part to technological developments throughout the wind turbine industry combined with a very successful tendering process. Through extensive dialogue and subsequent negotiations with the bidders, the DEA have managed to lower the price considerably. At the same time, a good, competitive environment was fostered around the windmill tendering process in which four companies were pre-qualified to participate.

“The low price is not just good for Denmark, but also for the international green transition. The general decline in prices in the market for wind power means that offshore wind power is now well on its way to becoming a viable competitive alternative to traditional fossil fuels. At the same time, we have developed an efficient procurement model which the whole of Europe can take inspiration from,” says Rasmus Helveg Petersen.

The successful bid has already been approved by the signatories of the Energy Agreement 2012 and must now be adopted by parliament and signed into law. The government will present the bill on March 18 and the proposal is expected to be adopted during April with the backing of a large political majority in parliament.

Facts about Horns Rev 3

– The winner of the tendering process is Vattenfall Vindkraft A/S.

– The agreed price is 10.31 Eurocent per. kWh.

– The construction of Horns Rev 3 is to commence as soon as possible and the park is to be completed by 1 January 2020.

– The first turbines will be able to be connected to the grid from January 1 2017 when they will be functional and ready to supply power to the grid.

– There were four companies pre-qualified to participate in the tender.

– Horns Rev 3 will result in the creation of up to 7,000 jobs over a three year period starting in 2016.

– Electricity production from the park will be enough to supply the needs of 450,000 households.

– Establishing this facility will increase the wind-sector’s share of electricity consumption in 2020 by 4.8% points from 46.2% to 51.0%.

– CO2 emissions will be reduced by 1.16 million tons.

Previous Post

EWEA OFFSHORE 2015 draws over 8000 delegates from around the world

Next Post

Denmark sets world record in wind – again

Related Posts

689 MW of Offshore Wind Projects
Asia Pacific

689 MW of Offshore Wind Projects Awarded in South Korea

September 9, 2025
Global Solar Installations
News

Global Solar Installations Grew 64% More in 2025 First Half

September 9, 2025
CHSN01 is a breakthrough
News

The New Metal from China – The CHSN01 is a Breakthrough

September 8, 2025
US Companies Advance Renewables
America

US Companies Advance Renewables Inspite of Policy Setbacks

September 8, 2025
Renewables in the US
Renewable Power

Renewables in the US Hold Major New Electricity Share

September 8, 2025
Fusion Energy Projects in the UK
News

Fusion Energy Projects in the UK Get Government Support

September 4, 2025
Next Post

Denmark sets world record in wind – again

LatestNews

689 MW of Offshore Wind Projects
Asia Pacific

689 MW of Offshore Wind Projects Awarded in South Korea

September 9, 2025
Global Solar Installations
News

Global Solar Installations Grew 64% More in 2025 First Half

September 9, 2025
CHSN01 is a breakthrough
News

The New Metal from China – The CHSN01 is a Breakthrough

September 8, 2025
US Companies Advance Renewables
America

US Companies Advance Renewables Inspite of Policy Setbacks

September 8, 2025
Fusion Energy Projects in the UK
News

Fusion Energy Projects in the UK Get Government Support

September 4, 2025
26 MW offshore wind turbine
News

China Installs Most Powerful 26 MW Offshore Wind Turbine

September 4, 2025
Power Gen Advancement

About Us

Power Generation Advancement is a leading information centric website providing latest up to date information and happenings within the industry. The website is sub divided into 3 sectors updating the latest news and developments about Power Generation industry through Renewable Energy, Nuclear Energy, Thermal Energy sources. Power Generation Advancement runs with an objective to provide a one stop knowledge driven content to our reader and subscribers in various forms like news, projects, upcoming events.

Subscribe Us

Resources

  • Advertise with us
  • Our Services
  • Contact Us
  • Download Mediapack
  • Newsletter Archive

System

  • Search
  • Sitemap
  • RSS Feed

© 2017 Copyright © Valuemediaservices 2017 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Market Moves
  • Press Statements
  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us

© 2017 Copyright © Valuemediaservices 2017 All rights reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In