Swedish state-owned energy firm Vattenfall has secured a contract for the construction of a Danish 600MW offshore wind farm in the Baltic Sea.
Known as Danish Kriegers Flak, the new facility is set to be the largest offshore wind farm in Denmark. The facility is expected to generate sufficient renewable energy to power 600,000 Danish homes.
Vattenfall CEO Magnus Hall said: “The announcement is an essential milestone for our ambition to increase our production of renewable power. We are already the second-largest offshore player globally.
“The winning bid of €49.9 per MWh proves that Vattenfall is highly competitive and brings down the costs for renewable energy.”
Vattenfall will invest €1.1bn–1.3bn in the project, subject to a final investment decision.
Vattenfall Wind head Gunnar Groebler said: “Vattenfall has won the three latest offshore wind tenders in Denmark — Horns Rev 3, Danish Near Shore and Kriegers Flak — equivalent to the energy consumption of 55% of the Danish households.”