The Danish government has now committed DKK 27.6 billion (EUR 3.7 billion) in state support, with insurance coverage of up to DKK 55.2 billion (EUR 7.4 billion) through a two-sided capability-based CfD model.
According to the ministry, the bid price and the development of electricity prices will determine whether it will be necessary to support the projects or whether money will come to the state.
“We need more secure green power and energy to make Denmark and Europe independent of energy from Russia. We are taking a big step towards that now. There have been bumps in the road globally in getting offshore wind up in recent years, and that is why we have also agreed that the state will lend a helping hand to the projects if necessary,” said Aagaard .
Other areas investigated in connection with the 6 GW tenders are said to be put into play at a pace that the market can bear and that can support Denmark becoming a net exporter of green electricity.
“With the three new parks, we will double Denmark’s total capacity of offshore wind. And with the two parks in the North Sea, we can produce green electricity that can, among other things, be used to produce hydrogen, which is crucial for the upcoming hydrogen pipeline from Esbjerg to the German border,” said Henrik Frandsen , Climate, Energy and Utilities Spokesperson for the Moderates.
Last month, TotalEnergies and European Energy signed a joint declaration to pursue offshore wind opportunities in Denmark and expressed their ambition to participate in the upcoming tender.
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