Denmark

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Danish Renewable Energy Industry Poised to Flourish Sans Subsidies

Bloomberg News: After more than four decades of relying on subsidies, Denmark’s renewable energy industry is ready to survive on its own much sooner than anyone expected. The Danish energy minister, Lars Christian Lilleholt, says that “in just a few years,” renewable energy providers won’t need state support anymore. He says it’s a development he […]

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IEEFA Europe: Offshore Wind Costs Maintain Falling Trend

Competitive Auctions Are Causing Developers to Drop Their Expectations for Government Subsidies

Europe achieved its lowest-ever bid for an offshore wind power project last week in a German auction in the North and Baltic Seas, an event that backs up a recent trend of cost reductions. Germany’s first so-called “reverse auction” for offshore wind shifts away from a feed-in tariff schemes in an approach intended to drive […]

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Danish Pension Fund PKA Dumps Canadian Oil

Financial Times: Denmark’s fourth-largest pension fund has pulled its investments in five Canadian oil producers over concerns that fossil fuel businesses are at risk of heavy losses as governments globally attempt to tackle climate change. PKA, which oversees the retirement income of 300,000 Danish workers, last month divested from Athabasca Oil, Canadian Natural Resources, Cenovus […]

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