The continued investments in wind energy in Denmark are paying off. The forthcoming offshore wind parks Horns Rev 3 will produce energy at prices lower than any other wind park in Europe.

Public tender resulting in low price
Vattenfall Wind Power has won the public tender to build the offshore wind farm Horns Rev 3 outside the Danish west coast. With a total capacity of 400 MW, the wind farm will produce electricity for 450 000 households from 2017. Vattenfall was chosen to build the Horns Rev 3 offshore wind farm after agreeing to a price of 10.31 Eurocent per kWh. This means that Horns rev 3 will be the cheapest offshore wind park in all of Europe.

Cheapest wind farm in Europe
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.

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Photo: Nicolai Perjesi/VisitDenmark.com