The Danish Energy Agency (DEA) has awarded German energy group RWE AG the concession to develop the Thor offshore wind farm project that would have up to 1 GW generating capacity.
DEA has selected RWE AG by lottery since more than one bidder offered to build the project at its highest permissible capacity of 1 GW and at a minimum price of DKK 0.01 (US$0.0015) per kWh.
The total investment for the wind farm is expected to reach around DKK15.5 billion (US$2.54 billion). DEA is expected to sign the concession deal with RWE before the end of 2021 at the earliest date. Once operational, the project will operate under the contract-for-difference (CfD) model. RWE will no longer pay the Danish government once the concession period expires and will then operate on commercial terms by then.
Country updates
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November 18, 2021
Fugro wins site investigation contracts for 10 GW Energy Island in Denmark
Fugro has been awarded by Ørsted and Glennmont to perform the preliminary geotechnical site investigation for the Energy Island and the adjacent offshore wind farm zone in Denmark.
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October 08, 2021
Heartland to start operation of 207 MW solar project in Holstebro
The 207 MWp solar photovoltaic project located near Holstebro in Denmark is set to commence operation and be connected to the European energy grid before the end of 2021. The project is ow...
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September 30, 2021
DEA releases second discussion paper about the Energy Island in the North Sea
Danish Energy Agency has published Discussion Paper II as part of the second market dialogue regarding the procurement framework for the construction and co-ownership of the Energy Island in the North...
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September 22, 2021
H2 Energy Europe plans 1 GW green hydrogen production complex near Esbjerg
Swiss energy company H2 Energy Europe is planning a gigawatt-scale green hydrogen plant in Denmark, as the Nordic country advances plans to decarbonize its economy through the massive use of green hyd...
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September 13, 2021
Vattenfall awards cables deal for 350 MW Vesterhav Syd and Vesterhav Nord wind parks
Hellenic Cables, the cables segment of Cenergy Holdings, has been awarded by the Swedish power company, Vattenfall, the design, manufacturing, testing, and supply of approximately 70 km 66kV XLPE insu...
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