New record for cheapest offshore wind farm

That undercuts a previous record set by Denmark's Dong Energy, which in July won a contract for a project in the Netherlands at €72.70/MWh. Magnus Hall, Vattenfall chief executive, said the deals showed it was "able to reduce the costs of offshore wind faster than had been expected, only a few years ago". Despite the record-breaking low price of the new Vattenfall contracts, the Danish government has warned it could yet scrap the projects as it is concerned the subsidy bill is still too high. (Telegraph)



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