Vattenfall Wins Concession to Build Danish Offshore Wind Farm

(Bloomberg) — Vattenfall AB, the Nordic region’s biggest
utility, won a concession to build a 400-megawatt wind farm in
the coastal waters off Denmark.

The Swedish state-owned company won the rights to develop
and operate the Horns Rev 3 wind farm from the Danish
government, it said Friday in a statement on its website. The
project will produce enough electricity to power 450,000 homes
from 2017. It’s still subject to final approval from the
European Union and Danish parliament, Vattenfall said.

The utility owns about 1,800 megawatts of wind farms, 1,000
megawatts of them offshore. Denmark is aiming for 30 percent of
its energy to come from clean sources by 2020 and all its energy
consumption to be from renewables by 2050.

To contact the reporter on this story:
Louise Downing in London at

To contact the editors responsible for this story:
Reed Landberg at
Randall Hackley, Ana Monteiro

About BloombergNEF

BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Our expert coverage assesses pathways for the power, transport, industry, buildings and agriculture sectors to adapt to the energy transition. We help commodity trading, corporate strategy, finance and policy professionals navigate change and generate opportunities.
Sign up for our free monthly newsletter →

Want to learn how we help our clients put it all together? Contact us