The bid by Danish energy supplier Ørsted, formerly known as Dong, to build offshore wind farms in German waters without guaranteed remuneration is a “giant strategic bet” that is going to be profitable, Ørsted CEO Henrik Poulsen says in an interview with Handelsblatt. “We’ve thought this through and we’ve never built a wind farm that burns money”, Poulsen says, adding that the zero-support farm “will bring us a nice return”. Poulsen says all renewable energy projects eventually will have to be operated without support, and this could be achieved more easily “if there’s a reasonable price for CO2” that allows for a fair comparison with fossil energy projects. “Green power is cheaper than fossil power – by a wide margin. This no longer is a close race”, Poulsen argues.
Read the article in German here (behind paywall).
See the CLEW factsheet High hopes and concerns over onshore wind power auctions for more information.