Denmark launches biggest offshore wind tender

COPENHAGEN, Apr 22 (Reuters): Denmark on Monday launched its biggest offshore wind tender to date, offering no subsidies to companies competing for the right to erect turbines on six sites with a combined capacity of up to 10 gigawatt (GW), the energy and climate ministry said.
The wind farms, to be completed by 2030, are crucial if Denmark, home to industry leaders Vestas, opens new tab and Orsted, opens new tab, is to meet its target to reduce CO2 emissions by 70 per cent from 1990 levels by the end of this decade.
Participants must offer the price they are willing to pay to the state over 30 years in order to win the right to establish the wind farms. The state would own a 20 per cent stake in each of the tendered projects.